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Detailed text transcripts for TV channel - MSNBC - 20130423:11:38:00

this is an index that comes out once a month and a bunch of different statistics that people view as specific predictors of where the economy is going. and again, you can see while it did go down in august of 2012, we ve essentially had six straight months of either flat or up and then we had a down. and, again, we would normally want to see something like three months of a trend before we made too much of this. but the fact is, that s not it s not a good news. so the question is, well, why is this happening? we ve had first we ve had soft spots in the economy for the last two or three springs. might be another one of those. but you have had the payroll tax increase go into effect. you ve had sequestration go into effect. you have no growth in people s incomes. that was the more disappointing numbers out of the last unemployment insurance report. and if people don t have money, they can t spend money. and finally, we re being affected in the slowdown in europe in particular and t ....

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