not see that it IS turning around...
and why.
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The two-month method of estimating real PCE growth for Q4 (a fairly accurate method), suggests real PCE growth of 4.3% in Q4!
So this looks like a pretty strong quarter for growth in personal consumption.
The last time real PCE grew at more than 4% was in 2006.
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Comments on November Personal Income and Outlays Report
http://www.calculatedriskblog.com/2010/12/comments-on-november-personal-income.html
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