It’s Q1 Again, Do You Know Where Consumer Spending Is?

The problem was never too much snow nor statistics. The hitch has been Christmas. Americans, as is their choice, love to splurge during the holiday season whether or not doing so is a wise decision. After having broken slightly from prudent practice, by the beginning of the following year consumers have to pay for what they had just done by foregoing in the first part of any year additional spending; ipso facto, figurative residual seasonality…… is, of course, somewhat inaccurate to blame a holiday any more than it is to blame a season. It’s not the fault of Christmas nor where it always falls on the calendar. The big deficiency continues to be, year after year, lack of income and labor market growth. Both are gaining, but positive numbers do not necessarily equate to actual, meaningful growth.