A few years ago when fuel prices spiked and Americans borrowed to cover basics, it caused GDP numbers to rise because of the increased spending. It was, of course, sold as economic growth by the liberal media and government/public institution economists. Don't be surprised to see the same thing happening now, as we circle our financial drain.
US consumers use savings to pay for basics - Telegraph: www.telegraph.co.uk/finance/economics/8411488/US-c....html
http://chum.ly/n/7ce048
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