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Posted by: Michael Mandel on June 01
The latest figures from the BEA (released May 27) show continued erosion in tech spending by consumers (as a share of total spending). No bottom yet, especially after SBC’s decision to cut the price of broadband.
Consumer tech spending includes consumer electronics, computers and software, telecom, cable, and video rental.
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.