Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
There is troubling news regarding the U.S. consumer. According to data released by the Bureau of Economic Analysis today, consumer spending grew at half the rate previously reported in the second quarter, primarily as a result of weakened spending on services. The trouble that has been anticipated for the third and fourth quarter actually has already arrived.
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The Rabid Capitalist 
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