Dec 13, 2011

US Consumption Is Weak

Consumers slowing down retail spending after modest Q3 binge. Once properly corrected for discretionary service spending consumption is weak.

(Source: Nouriel`s Official Twitter)

Related, Consumer Discretionary SPDR ETF (XLY)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.