U.S. consumer spending and incomes were unexpectedly flat in June…

Really? GTFO! No way.

UPDATE: Let me add to that surprise:

Pending Home Sales Sink 2.6 Percent in June

Contracts for pending sales of previously owned U.S. homes fell to a record low in June as buyers sat on the sidelines, a survey from the National Association of Realtors showed on Tuesday.

The Realtors said its Pending Home Sales Index, based on contracts signed in June, fell to a record low 75.7 from a revised 77.7 in May. Economists polled by Reuters had expected a rise of 0.6 percent.

Sounds like they…didn’t expect it, or something.

And that refrain again:

US Factory Orders Drop for Second Straight Month

Factory orders fell in June for the second straight month due to lower demand for steel, construction machinery and aircraft.

Monkey blow on the government dole is starting to look pret-tee good right now…

One Response to “!!??!!”

  1. Mr. Bingley says:

    We inherited this consumer spending.

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