From the front page of today's Business section of the Press Democrat, an article by Martin Crutsinger (A.P.) reasons that because consumer spending went up lately, in spite of the fact that incomes have "stagnated" for the past three months, and because there was a drop in "interest income", it must mean that we (the 99%?) are removing our money from our savings accounts, and spending it!

He doesn't seem to realize that the consumer spending figures also include the fat cats (1%) who have probably got even more money to spend at Tiffany's than they had a few months ago. Odd.