CPA Financial Musings: Rise Reported in Factories and Consumer Confidence

So it looks like people made less because of tax increases but felt better about the economy and spent more.  See this article in The New York Times for details:

http://www.nytimes.com/2013/03/02/business/economy/americans-spend-more-and-make-less-data-shows.html?_r=0

Well since consumer spending usually drives the economy, I guess we have a self-fulfilling prophesy here.
Remember, for financial, accounting and tax musings,
You can count on us to count for you!


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bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com

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