Well I'm Certianly Doing My Share of Spending...

.....consumer spending is critical, given that it accounts for two-thirds of total economic activity. Many economists believe the slowdown in consumer demand will be temporary. They point to strong job growth in recent months and rising consumer confidence. They believe that will provide support for a rebound in consumer spending in the months ahead.

The Federal Reserve began raising interest rates on June 30 and Greenspan indicated that further rate hikes will likely come at a gradual pace as long as inflation does not threaten to get out of hand.

(continuation of article in last post)