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by New Deal democrat
First of all, sorry for the lack of posting this week. Occasionally real life intrudes, and so it did for the last few days, demanding my full-time (and more!) attention. Posting should return to nearly normal.
If the consumer economy were really in trouble, the first two places I would expect to see that manifesting is in housing and cars. Now that the latest monthly results have been reported, we have an updated look.
This post is
up at XE.com.