The tea leaves that keep being read that are to shed some light on the future are those from the lat brewing of tea and nothing more. This data of Americans spending less is just a reflection of the summer of very high oil.... Gas prices.. of coarse they spent less... the bulk of the disposable income went into the gastank!

With high gas prices Americans did the only thing they could do... they stayed at home more... thats it... thats all this is.

Now that gas prices are back down, Americans will do the same thing as the last time happy days were here again... they went and spent very last cent of their paycheque...

The ice jam of cash that has been put into cash from the closing out of stocks, funds etc When this cash gets redeployed the dollar wil move lower, commodities will move higher in US dollar terms and the perception that commodities have rebound in front of a boyant economy will be the big media event.

Stay the coarse and wait for the rebound... it always does!