Fed Data Shows Consumers Taking On More Debt In May

Michael Teague |


Economic growth for the first quarter of 2013 was disappointing, with GDP up 1.8 percent shy of the expected 2.5 percent, and is not expected to do much better for the recently ended second quarter. Furthermore, consumers were hit by the expiration of Bush-era tax-cuts earlier in the year, but the consistent and steady adding of jobs to the economy coupled with an overall 2.2 percent increase in pay over the last year should serve to counter the negatives and keep consumers with enough disposable income to make purchases, which could result in even more robust consumer spending in the second half of the year.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
ARDNA Arden Group Inc. n/a n/a n/a 0 Trade

Comments

Emerging Growth

Taranis Resources Inc.

Taranis Resources Inc is an exploration stage company. The Company along with its subsidiaries is engaged in the acquisition and exploration of mineral properties. Its projects include Thor Property in…

Private Markets

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…

The Green Organic Dutchman

The Green Organic Dutchman Ltd. ("TGOD") produces farm grown, organic cannabis for medical use. The company grows its high quality organic cannabis in small batches using craft growing, all natural…