Ed Huntress wrote:


Consumer spending is up...

Yes. It has been trending up for almost 3 years

http://advisorperspectives.com/dshor...four-views.gif



http://www.washingtonpost.com/busine...s9R_story.html

...and consumer debt is moving up with it, as that Fed graph showed.
That's what those conversations above were talking about.

Consumer debt increases do seem to be strongly influenced by student
loans, but consumption is increasing, even without figuring in gas
prices.

--
Ed Huntress