Soft economic news

Soft economic data, along with tame inflation, is supporting the Bond markets this morning as the month of November comes to an end.

In economic news, Personal Spending fell in November while Personal Incomes were unchanged. Hurricane Sandy impacted spending early in the month as many people on the East coast couldn't get to work, nor could they get to the malls and car dealerships. In addition, inflation remained tame and backs up the Fed's ascertain that longer-term inflation is stable.

Leonard Winslow
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Charlottesville, Va. 22901
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