CHART OF THE DAY: American Consumers Return To Their Historical Pattern Of Going Nuts


Remember when it looked as though consumers might enter into some new age of thrift and austerity?

Well, it’s true that there was in fact a brief, unprecedented dip, but the key word is: brief.

As you can see, the steady march higher continues apace.

CHART OF THE DAY: Personal Consumption Expenditures, 1959-2010

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