On the day before Thanksgiving the nation’s economists gave us all tidbits to evoke the giving of thanks. Not slabs of good news, slathered with high percentage sauce. Not a full meal, just a snack. The economy grew, the number of workers applying for unemployment benefits fell. Income rose a tad. So did spending. But orders for capital goods, things like building cranes and steel girders, fell. So did sales of new homes, even though home prices dropped to the lowest point in seven years.
Maybe the best news from some perspectives was that Americans saved 5.7 percent of their…
