BACK TO SCHOOL: Gallup: Spending slumps lower than 2009 levels in Recovery Summer. “The advance retail numbers for July will come out tomorrow from the Commerce Department, but Gallup’s survey of consumer spending gives a pretty good indication that the report won’t boost the notion of Recovery Summer. In fact, it may be more like Flashback Summer, except that last year’s numbers look better than Gallup’s survey shows now.”
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