Mises Wire
Author:
C.Jay Engel
Online Publish Date:
Well that was fast. Yesterday we observed the silliness of Fed president Kaplan’s idea that it was consumers that were going to push GDP up over 2%. Today, we learn the following ( source ): Turning to spending and income, personal consumption expenditures could muster only a 0.2 percent gain, 1 tenth below the Econoday consensus in a marginal