To Comfort The Afflicted
And Afflict The Comfortable

To Comfort The Afflicted And Afflict The Comfortable

Tuesday, June 28, 2022

Observercast

The Joneses Win: The Why Of Weak Consumer Spending

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BY FROMA HARROP A new report on consumer spending shows that consumers are not spending. Economists thought that the savings from cheaper gasoline – hundreds of dollars a year for most – would be hauled to the stores. But non-gasoline retail spending didn’t budge last month, flat after falling a bit in December, according to […]
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Arnold Hamilton
Arnold Hamilton
Arnold Hamilton became editor of The Observer in September 2006. Previously, he served nearly two decades as the Dallas Morning News’ Oklahoma Bureau chief. He also covered government and politics for the San Jose Mercury News, the Dallas Times Herald, the Tulsa Tribune and the Oklahoma Journal.