Why Bank Of America Is Stumped: Despite “Lower Gas Prices” US Consumer Spending Has Plunged
by Tyler Durden
ZeroHedge.com
02/10/2015
“According to the University of Michigan survey, consumers have not been this upbeat since January 2004, when the economy was booming. The natural outcome should be for consumers to splurge, hitting the malls and going out to restaurants. But much to our surprise, the data suggest otherwise.” – BofA
The Rest…HERE
