By Bill Conerly,
Conerly Consulting, Businomics,
In the latest issue of the Businomics(r) Newsletter, I displayed this chart, which shows that consumer spending has fully regained the pre-recession peak:
This has led several people to ask where the consumers have gotten the income to spend. After all, employment is still well beneath its previous peak. So let’s go through the process, using data available from the U.S. Bur
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