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Beau78909 months ago

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The numbers are from the Commerce Dept. I don't know how they're collected, but it's hard to imagine private corporations all inflating figures reported.

However, the article also says this:

After dropping steadily throughout the second half of last year, with a particularly steep pullback in the final months of 2008, spending rose in January and February.

To economists, that suggests that after cutting back to bare-bones levels of spending at the end of last year, consumers don't have much further to cut. But they still appear disinclined to buy big-ticket items such as furniture, appliances and automobiles; consumption of durable goods fell 1.3 percent last month.

People still have to buy some things.

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