Posted: Friday, August 29, 2014 11:40 AM ET
By: Julian Close
There was news out this morning about America's economic health, but there was no point to any of it, or so I conclude, having learned from Harry Nilsson's 1971 film The Point, that "A point in every direction is the same as no point at all." It is true that economy delights in sending mixed messages. It often says nothing comprehensible, but it rarely does so as emphatically as it did this morning. Consider the following headlines.
First, from Bloomberg: U.S. Consumer Spending Falls for First Time in Six Months.
Second, from Reuters... Read More