Goldilocks sees her shadow.

Typically when Goldilocks emerges from her bunker, sees her shadow, and returns to the bunker, we can expect six more weeks of recession. But I’d suggest she re-stock her canned foods supply – she could be in there a while.

Catching a glimpse of Goldilocks yesterday gave me a bit of hope. US consumer spending increased again, though slightly slower than the previous month. Personal income rose; disposable income rose; and savings as a percentage of disposable income rose.