DOL’s Negative 2010 Consumption Growth Contradicts Positive in GDP; AP Misses, Rest of Press Asleep
What if I told you that the government put out a report today which would lead one to infer that the economy might barely have grown last year, and that it even may have contracted — and that the reporter who appears to have been the only one who covered it didn't grasp its potential significance (or, conceivably, chose to ignore it)? Today the Department of Labor's Bureau of Labor Statistics released its annual ” Consumer Expenditures Survey ” for 2010. As of 8:30 p.m., a
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on September 27, 2011. Filed under