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This is one of the best economic indicators there is: consumer spending. Unlike the unemployment numbers, these are impossible to fudge given that it represents 70% of the total economic activity. If this can somehow continue we will really be heading in the right direction. While it is not a huge gain, it could be a sign of things to come. I don’t know anyone who is not optimistic about 2014 so let’s hope this will be a continuing trend. I think this is emblematic of the entire recovery in a nutshell: it will be a slow and steady climb up, not a rocket straight up.
November consumer spending posts biggest rise, 0.5%, in 5 months
business/money/la-fi-mo- consumer-spending-november- 20131223,0,3384920.story# axzz2oHNlohDp
Rosenfeld Realty Advisors
9858 Glades Rd., Suite 209
Boca Raton, FL 33434