According to Federal Reserve comments, consumers remain cautious and are limiting spending to essential items while they continue to reduce their outstanding credit, as total U.S. consumer credit fell for the sixth straight month in July. Sounds good, but let’s remember that our economy hinges on consumer spending.
Factoring in all this, it’s not all that surprising to find that economists and analysts downgraded their growth outlook for the domestic economy for the third month in a row despite better than expected jobs and manufacturing data last week. The key reasons for the negative revisions — stubborn unemployment and continued housing market frailty — are expected to slow Europe’s recovery as well.
Buckle up.
• Chris Versace, the Thematic Investor, is director of research at Think 20/20, an independent equity-research and corporate-access firm located in the Washington, D.C., area. He can be reached at cversace@ washingtontimes.com. At the time of publication, Mr. Versace had no positions in companies mentioned. However, positions can change.
Chris Versace, the “Thematic Investor,” is the director of research at Think 20/20, an independent equity research and corporate access firm located in the Washington, D.C. area. Before Think 20/20, Mr. Versace was the portfolio manager of Agile Capital Management (ACM), a thematically driven alternative investment fund. The groundwork for ACM was laid during Mr. Versace’s tenure as senior vice president of equity ...
'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
Although contemporary American politics is an unforgiving environment, it’s still wide open to implement a legitimate worldview based on timeless Biblical values.
We all eat, and food should be fun and healthful. Food Commune celebrates the food we eat, the people we eat with and the spirits we enjoy.
First over-the-counter column approved for fast and effective relief from even your worst media-induced headache.
Benghazi: The anatomy of a scandal
13 Photos
Vietnam Memorial adds four names
18 Photos
Cinco de Mayo on the Mall
11 Photos
