Inquiring minds are looking at a CNN reporting that personal income unexpectedly fell in September:
Personal income fell 0.1%, the Commerce Department said. The drop in personal income was a sharp reversal from a revised 0.4% increase registered in August.
According to the Commerce Department, spending by individuals increased by 0.2%.
Economists expected that spending by individuals would rise 0.4% in September, according to a consensus estimate from Briefing.com. Personal income was expected to tick up by 0.3% in the month.
Unexpected? Only President Obama and his minions seem to think the economy has turned the corner.
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