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Smart Economics: An Increase in Consumer Confidence

Last week there was a double dose of bad news.  First up the report that showed consumers slowed spending in April as consumer expenditures dropped even though incomes increased.  Then later in the week was the news that the revised GDP estimate for first quarter...

Smart Economics: Mixed Picture for the Economy

Last week was very light on economic news with just two housing releases of note.  Existing home sales rose, but when compared to a year ago the sales rate is slower and inventory levels are higher.  At least part of the issue slowing sales is the fact that mortgage...