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Shares slump on US spending data
Shares slump on US spending data
Global shares have fallen sharply after figures showing a drop in US consumer spending dampened the enthusiasm that followed Thursday's US GDP figures.
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Bad September, good Q3 for consumer spending, what's next?BloggingStocks
Consumer spending had its largest fall this year, thanks to the end of the " Cash for Clunkers " program. And, incomes were flat. No change to the money coming in and a drop in the cash going out translates to an impediment to economic recovery . In September, consumer spending fell 0.5%, ...