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SAVING: IT'S THE NEW, NEW THING (AGAIN)
SAVING: IT'S THE NEW, NEW THING (AGAIN)
Today's update on personal income and spending corroborates yesterday's GDP report, which told us clearly that the consumer is wary and is cutting back sharply on consumption. The smoking gun today is that while disposable personal income rose 0.2% in September, personal consumption spending ...
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This Week’s Links
Business Pundit — FishTrain’s Jesse Chan posted a nice piece on social media valuation. Not new material, but well worth a read. Mike DeWitt has an excellent, detailed video that offers key questions you need to ask in order to refresh, revamp, or otherwise stimulate your business. The 700 Club led a hardcore prayer for the economy on Wednesday, asking for intervention. If the Fed doesn’t work, go divine. The Capital Spectator and Financial Armageddon elaborate on consumer spending behavior. The age of consumption is over, for ...

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