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Cold weather had an effect on spending last month, with the 1.6% drop in spending on food concentrated among smaller retailers.
While stock price fluctuations have always had an effect on spending, the effect will now likely be accentuated as more and more Americans hold stocks either directly, or through mutual funds or retirement accounts.
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Consequently, changes in house prices tend to have a bigger effect on spending patterns than changes in the stock market.
"We have brought substantial new resources to immunization and this has had a catalytic effect on spending.
By contrast, changes in stock-market wealth have a much smaller effect on spending.
Neither MF nor NL had an effect on time spent ruminating (P > 0.05).
"Free-marketeers don't believe in low taxes because of their effect on spending.
The war in Iraq seems to be having an effect on consumer spending, according to Deloitte Research, which publishes a monthly consumer spending index.
A study of 14 countries by three American economists, Karl Case, John Quigley and Robert Shiller, found that in most economies a change in property prices had at least twice as big an effect on consumer spending as a change in share prices of the same order.Second, people are much more likely to borrow to buy a home than to buy shares.
I know they haven't really had much of an effect on consumer spending yet, but I think it's only a matter of time until they do.
Analysts and financial professionals generally agree that raising tax rates on the affluent is unlikely to have much of an effect on their spending and investment patterns.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com