The markets tanked last month, signaling trouble ahead. Yet consumer spending and income rose in May, the government reported this morning. Were the bears wrong? Maybe, but that’s not yet obvious, despite the gains in today’s economics stats.
The markets tanked last month, signaling trouble ahead. Yet consumer spending and income rose in May, the government reported this morning. Were the bears wrong? Maybe, but that’s not yet obvious, despite the gains in today’s economics stats.