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Consumer spending fizzles in December, savings up

Consumer Spending

Consumer spending was flat in December as households took advantage of the largest rise in income in nine months to boost their savings, setting the tone for a slowdown in demand early in 2012.

 

Cheap Debt for Corporations Fails to Spur Economy

Companies keep saving the money they’ve borrowed at low rates as they wait for the economy to improve, but it is unlikely to improve if they keep saving.

 

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