Savings rate of 3.5% in April? The US needs 12%
Updated: 2010-05-28 14:12:06
i wrote earlier this week that the next shoe will drop from American domestic data.
After this morning’s report of a stall in April consumer spending (”unexpected” by forecasters, even though same-store sales at Wal-Mart and other major chains fell short of projections) makes me feel a bit less like a prisoner in a Lewis Carroll [...]