Consumption is the typically the last sector hit by an economic recession. In the U.S., consumption is holding up, but much of it is coming from credit-backed auto sales.
See Bloomberg for a discussion: The U.S. Economy Needs to Kick Its Car Habit
Varsity Blue’s Clues
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FEEDI have real suspicions about this information: the notion that the net
cost is about $13,000 a year is just plain wrong. It’s approaching $100,000
a ye...
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