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We're spending.
So maybe now...the government can stop.
Here's the deal.
Apparently more than a few of us have found deals.
At least when we're shopping.
Because last month we were buying.
Retail sales up a startling 1.3% in November...Double the increase most expected.
What's more, excluding autos, they were up 1.2%, about triple the increase most expected.
Which might explain why businesses unexpectedly boosted their inventories just the month before...Maybe they saw this consumer spree coming...Whatever the case, the tiny gain there reversing 13 consecutive declines.
I'm not saying we're off to the races.
But we're clearly off the respirator.
So...Maybe Washington can put the spending paddles down.
This patient has stabilized.
I'm not saying Washington's stimulus got us here.
But I am saying certainly no more stimulus is needed here.
Not when we don't have the money to stimulate.
Or the global patience to see us stimulate.
They're worried about our debt.
Maybe it's time we should be, too.
Look, this is not a gangbusters recovery going on here.
But it is a recovery.
And we are spending.
And Washington is spent.
So let us do the spending.
And you, Washington, start doing the cutting.
We'll be fine.
You, Washington, are another story.
Personal Spending Rises by Better-Than-Expected 0.7% in OctoberHousehold wealth rises but still far below peak
