has to be analyzed along with the data that showed the savings rate increased by 33%. Spending is down.... but it's not

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May 29, 2020
12:51:55pm

HarlemCoug All-American

has to be analyzed along with the data that showed the savings rate increased by 33%. Spending is down.... but it's not

solely because people done have the money to spend....

Kelly Evans: The savings rate hits 33%

https://www.cnbc.com/2020/05/29/kelly-evans-the-savings-rate-hits-33percent.html

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HarlemCoug

Previous username: Big12
Bio page: HarlemCoug
Joined: Sep 8, 2014
Last login: May 19, 2024
Total posts: 32,415 (4,061 FO)

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Messages

Author

Time

Consumer spending dropped 13.6% in April

Acorn

5/29/20 12:32pm

You didn't have the full compliment of usual places to spend your money

Indy Coug

5/29/20 12:39pm

May, June, July will be interesting to

Acorn

5/29/20 12:43pm

I’ll be doing a little of both, honestly.

Pimpin4Paradise

5/29/20 12:51pm

Our business is going bonkers ever since the economy opened up here in Utah.

CougarTailDevourer

5/29/20 12:56pm

Do you expect that to cause a market rally? That seems to be how

5/29/20 12:39pm

Don't blame me, I bought takeout and consumer electronics with my stimulus

joelvandyne

5/29/20 12:45pm

has to be analyzed along with the data that showed the savings rate increased by 33%. Spending is down.... but it's not

HarlemCoug

5/29/20 12:51pm

i'm watching mortgage delinquency rates and similar too. But if people go

Acorn

5/29/20 1:20pm

PPP funds will go to 16 weeks I'd bet. I'm all for another round of stimulus given directly to consumers. Should help

HarlemCoug

5/29/20 1:34pm

Couldn't spend money at a lot of places even if you wanted to

Jericho

5/29/20 12:53pm

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