Consumer Spending in U.S. Stagnates – Bloomberg 09-28-12

Salient to Investors:

Ryan Sweet at Moody’s Analytics said the consumer will be unable to lead the recovery.

The saving rate dropped to the lowest since April, while disposable income had its weakest reading since November.

The jobless rate has exceeded 8 percent for 43 months, the longest stretch since monthly records began in 1948.

Read the full article at http://www.bloomberg.com/news/2012-09-28/consumer-spending-in-u-s-stagnates.html