29 Apr 2005 Watch the Earnings and Listen to Management
Posted at 16:39h in The Friday BriefAccording to today’s government reports, the consumer has not wilted in the face of higher gasoline prices. Personal spending was up more than expected in March while personal savings fell to .4%, the lowest since October 2001. Mitigating the falling savings rate somewhat though is a healthy rise in disposable incomes. When adjusted for inflation, incomes were up 3.3% last month from March 2004.