All the talk, talk, talk, about Central Banks “saving” the economy and consumers getting stronger and “taper isn’t tighter”…one might easily get the impression that consumer spending constraints have been loosening the past year. And yet incomes have continued to stagnate, savings are stuck near nil, debt levels remain peaked and daily consumption (food, gas, borrowing costs) have all spiked higher once more on QE’ternity. Gee with “help” like this, who needs enemies?
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