U.S. personal spending slowed in April after record fuel costs, a slump in home values and a deteriorating job market eroded consumer confidence. incomes grew an asontishing .02%. business activity dropped for a fourth month in May and consumer sentiment decreased to the lowest level since 1980. this is bad becuase consumers are spending cautiously. The Federal Reserve's preferred measure of inflation, which excludes food and fuel costs, slowed in April. this is important to us becuase of the fact that we are living in the US and this effects everyone. I remember when it used to be 5 dollars to have lunch and now its 8. inflation is getting absolutly ridiculous. and gas...NEARLY 5 DOLLARS A GALLON? holy wow. I think that this is riducicouls and we should just reduce the prices and take some money out of ciruclation. that way there will also be less paper.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7ie.CYzdpFg&refer=home
No comments:
Post a Comment