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The Last Bastion of the U.S. Economy Is In Full Retreat
In previous economic slowdowns, it was always consumer spending that kept the American economy afloat. Millions of Americans continued shopping at malls, buying cars, ordering…
15Jan2009 | Oxbury Research | 0 comments | ContinuedWill the Loss of Consumer Credit Serve as the Next Economic Aftershock to Further Fuel the Financial Crisis?
U.S. consumers are already losing their jobs at an accelerating rate.
The same thing is now set to happen to their credit lines.
But with so many…
4Dec2008 | Money Morning | 0 comments | ContinuedOctober Retail Sales Drop Fastest Pace Ever Heading into Holiday Shopping Season
U.S. retail sales dropped 2.8% in October, the largest monthly drop since the Commerce Department began tallying monthly retail sales in 1992.
The sharp drop…
17Nov2008 | Money Morning | 0 comments | ContinuedFor the U.S. Economy in the New Year, the Pain Will Precede the Promise
If there’s a proverb that captures the outlook for the U.S. economy in the New Year, it’s the one that says: “It’s always darkest before…
10Nov2008 | Money Morning | 0 comments | ContinuedU.S. Markets Dive on Deepening Recession Fears
Weak U.S. retail sales sent domestic markets plunging yesterday (Wednesday), as worries about a deepening recession intensified.
All three major U.S. indices ended the day…
16Oct2008 | Money Morning | Comments Off | ContinuedRetail Sales Down as Unemployment Rises and Home Values Decline
Retail sales fell 0.1% in July, as home values declined, unemployment rose, and consumers cut back on big-ticket spending.
The decline was the first drop…
14Aug2008 | Money Morning | Comments Off | Continued
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