This morning's economic report showed an increase of personal spending and a decrease of personal income. And all the talking heads are saying it is a good thing as people started spending again. I don't get it. We got into this mess because of generations of over spending, now the government encourages us to spend more to save the economy? It does not make senses at all. I think this time we have a shortage of supply side of the equation instead of demand side.
But what do I know? I am not even an economist!
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