Beware - Consumer spending is usually a lagging indicator.
One of the things I've been noticing this month is that some of the lagging indicators are slowing slight bounces, whereas the leading indicators are getting crushed even more.
That a sign to be careful, but a sign that we should get a faux bounce fairly soon.
Consumer spending is the problem. The supply-siders have run this country into the ground. The problem is a lack of demand. The consumers are too scared to spend any money than they have to, even if they are lucky enough to still be employed.
Also, a lot of the money is going to the wrong areas. Defense? No. Tax cuts. No. Large banks? No. It's time for the money to go to new temporary workers, small businesses, and consumers.
