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So... if incomes are flat but spending increases... doesn't that mean that prices of necessities are going up? Do you really consider that "economic growth"? Here, go read the real report:http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htmPlease note that goods-producing industries, manufacturing and and farming incomes dropped while service industries and government payrolls expanded. You call that a good trend? Green shoots?
So... if incomes are flat but spending increases... doesn't that mean that prices of necessities are going up? Do you really consider that "economic growth"? Here, go read the real report:
http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
Please note that goods-producing industries, manufacturing and and farming incomes dropped while service industries and government payrolls expanded. You call that a good trend? Green shoots?
