Open Thread

For general discussion and debate. Possible talking point: Consumer spending explodes in November...

Consumer spending in the U.S. rose in November by the most in more than two years as incomes grew and shoppers took advantage of early holiday discounts. A bigger-than-forecast 1.1 percent increase in purchases followed a revised 0.4 percent gain in October that was more than previously estimated, the Commerce Department said today in Washington.

Hmmm. Incomes up. Spending up. Where's that bleeping recession we keep hearing about?