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1 Comment
Forced Labor: Spending More Than We Earn [view article]
Is it possbile that these numbers reflect consumer anticipation of the tax rebate - in other words, the consumers know how much they are getting and when and are going ahead and spending it via credit cards with the intention of paying it off when the check arrives. That might also explain the unanticipated strength of consumer spending in the most recent numbers. May 10 08:33 AM