Another Recession Indicator
Well, its not, really, but I’m sure our lefties will spin it as such:
WASHINGTON (Reuters) - U.S. personal income rose more than expected in February as the economy teetered on the brink of a recession, while both personal spending and a key price measure increased only slightly, a government report showed on Friday.
The Commerce Department reported that February personal income rose 0.5 percent, exceeding a forecast of a 0.3 percent gain made by analysts polled before the report.
Stock index futures briefly added to gains after the report, while the dollar and U.S. government debt prices rose.
The department said personal spending increased 0.1 percent in February, in line with expectations, after a 0.4 percent gain in January.
Yep, its all crashing down out there - soup lines, Hoovervilles, we’re all gonna die. What we need is a big-spending, liberal Democrat who is entirely owned by trial lawyers and the culture of death…that’ll fix everything up.
36 comments March 28th, 2008
