Friday, April 27, 2007

not a good combination

From an NYTimes article today (or, at least, from the promo part on the front page): "the slow growth was not enough to brake inflation."
More details:
"The housing slump was the single biggest drag on growth, as it has been for the last year. Home construction fell by 17 percent at an annual rate, the sixth consecutive quarter of decline. But businesses also slimmed their inventories, exports declined and military spending by the government slowed.
But the American consumer continued to spend freely and helped keep the economy moving forward."
Pay no attention to the debt behind the curtain.

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