All Posts Tagged With: "stimulus check"
Consumer Spending Threatened by High Prices and Lower Wages
Consumer spending, which accounts for more than 70% of the economy, will be seriously threatened in the months ahead, as prices continue to rise, wages plateau, and government stimulus checks wear thin.
Consumer spending has remained strong in recent months,…
22Jul2008 | Money Morning | 0 comments | ContinuedStimulus Checks Push Retail Sales Rally; Economy Still Facing Uphill Battle
Stimulus checks helped send retail sales up 1% in May, the Commerce Department said yesterday (Thursday), bolstering the dollar and lifted the mood on Wall Street.
But the effects may not last, as unemployment continues to rise and crude oil supplies…
13Jun2008 | Money Morning | 0 comments | Continued
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