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Weighing the Week Ahead: Are Consumers Ready to Buy? What about Housing?
Sunday, May 12, 2013 0:56
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May 12, 2013 Jeff Miller
The economic recovery, to the surprise of nearly everyone, has been consumer-driven. This has occurred despite increased savings and an overall improvement in household balance sheets. Businesses have been cautious to invest and to hire. State and local governments have been slashing spending and employees.
I expect a week with a consumer focus. It starts with data on retail sales, expected to be weaker from the payroll tax increase and lower gasoline spending. It ends with the important indicators on housing.
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Source: http://advisorperspectives.com/dshort/guest/Jeff-Miller-Week-Ahead-130512.php
