What: In June, consumer spending dropped 0.9% , the biggest drop since August 2005.

What the experts say: USATODAY: “The drop was much bigger than the flat reading that economists had been expecting. It raised new worries about consumer spending, which is closely watched because it accounts for two-thirds of total economic activity.

What I say: Now that Paris, Lindsay, Britney and Nicole are out of jail/rehab/mental institutions, consumer spending should rise.

Target.com