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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (247003)	6/24/2003 3:46:25 PM
From: Perspective	Read Replies (1) of 436258

Further evidence Barfing.com hasn't a clue: finance.yahoo.com <10:14AM Economic Detail : The June consumer confidence measure edged just -0.1 lower to 83.5 from the May revision. The flat growth came as a decline in current conditions slightly more than offset a rise in expectations. The flat read on confidence doesn't provide much of a read on consumer spending given the 10% surge in disposable income expected in the third quarter due to tax cuts. Low financing rates and income growth are the best determinants of consumer spending. > Ummmm - how does a 10% reduction in tax rates equate to a 10% growth in disposable income? BC

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