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Eye on the consumer

Published Sunday, January 01, 2006

As we start the New Year, we should train our eyes on the consumer, paying attention to whether there's just the traditional post-holiday falloff in spending — or something more dramatic. The latter would be cause for concern. Wages, taxes and inflation are the three primary factors determining how much people have to spend. Of course, how much money they save also plays a role in how much they have left to buy goods and services. But since the whole concept of savings has become far more complex, it's nearly impossible to cover it adequately in the context ...

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