Quote:
Originally Posted by wxjay
If the economy is perceived to be getting better, it will get better because the US consumer will go out and spend (remember, more than 3/4 of our economy rests on consumer spending).
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This is true. And, in other news, retail sales in June increased at the slowest pace since August 2009 (however June was a good month for auto sales).
The ISM data - manufacturing and non-manufacturing - for June, when looked at together, suggest GDP growth of only about 1% annualized. That is not good - particularly when we're supposed to be in a recovery.