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Consumer Metrics Institute: Barely Off Its Historic Lows

May 30, 2011 The CMI Daily Growth Index had been setting new historic lows every few days over the past five weeks, with the trough on May 16. The index had rebounded a bit but now appears ready to retest the low.

Since the consumer accounts for about 70% of the U.S economy, the Institute’s May 26 commentary on The BEA’s Second Estimate of First Quarter 2011 GDP offers some further insight on the differences between government’s measure of the economy and the CMI findings. More…

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