CHART OF THE DAY: American Consumers Return To Their Historical Pattern Of Going Nuts

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Remember when it looked as though consumers might enter into some new age of thrift and austerity?

Well, it’s true that there was in fact a brief, unprecedented dip, but the key word is: brief.

As you can see, the steady march higher continues apace.

CHART OF THE DAY: Personal Consumption Expenditures, 1959-2010

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