In a Catch-22-type situation, stock-market volatility, a poor housing market and high unemployment are depressing consumer spending … which, in turn, is making companies reluctant to expand payrolls. Flat consumer spending and personal income levels are only the latest indication that the economy would continue to struggle in the second half of the year. The New York Times Aug. 4, 2010
U.S. Consumer Spending and Personal Incomes Stagnate in June
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Aug 042010
