New economic data show that last month consumers were not tempted by retailers offering deep discounts. They were not enticed by lower home prices. And even though falling gas prices made their wallets a little fatter, they held on to their newfound savings and put off buying big-ticket items such as autos and home appliances. Full Story »
Posted by Derek Hawkins
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Interesting report on the decline of consumer spending in the U.S. in recent months, fueled by tighter credit standards and growing unemployment. Well reported, with good research citing credible sources, and helpful context about this important topic.
With the Fed printing money, the only weapon the consumer has against inflation is to hold on to his money and search out bargains. In fact, ... More »
With the banks holding own to the bail-out money, paying dividends instead loaning money for big ticket items such as cars, large appliances , and ... More »
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