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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Les H who wrote (83317)	7/3/2007 11:52:48 AM
From: CalculatedRisk	Read Replies (1) of 110194

Consumer Spending has slowed dramatically in the 2nd Quarter: Redbook reports a very soft June 30 week for U.S. retailers, showing only a 1.2 percent year-on-year rise in the week. For the month of June, Redbook pegs year-on-year sales growth at 1.6 percent which compares with ICSC-UBS's range of 1.5 to 2.0 percent. Vehicle sales later today will offer another angle on consumer spending in June, which based on chain-store reports looks no better, if not weaker, than May. fidweek.econoday.com This follows the poor showings in both April and May.

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