Jun 2, 2014

Consumer Spending: Biggest Decline In 5 Years

One fact that I did not point out about the drop in consumer spending in April is that drop from March to April was the biggest monthly decline since 2009. That was the depth of the great recession.

Related ETFs: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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