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Mike Shedlock – Debunking the Myth “Consumer Spending is 67% of GDP”

Consumer Spending Myth It is widely believed that consumer spending accounts for approximately two-thirds of the economy. A few of us dispute that claim. Reader Gary writes “You had made the comment more than once that manufacturing is really a much larger part of GDP than is frequently quoted. I could not find how you got there, but ZeroHedge has …

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Chapman University’s second annual Survey of American Fears released

What Americans fear most in 2015 Chapman University recently completed its second annual Chapman University Survey of American Fears (2015). Each wave of the survey focuses upon what Americans fear, the potential causes of those fears and the consequences of fear. In addition, the comprehensive survey includes extensive background information about respondents, allowing for examinations of how fears vary by …