consumer spending: A Bright Economic Spot
- 01/31/11 08:10 AM
Recent reports indicate that housing prices remain depressed and more foreclosures are coming on the market. However, there is a bright spot in the economic picture. The economic recovery is now consistently picking up speed, and American consumers are the ones pushing the gas pedal. They increased their spending late last year at the fastest pace since 2006.The question now is whether they can spend enough this year to make the economy grow even faster and finally bring down unemployment. It's up to them because the housing market and government spending aren't offering much help.A more active consumer was the main … (0 comments)
Recent reports indicate that housing prices remain depressed and more foreclosures are coming on the market. However, there is a bright spot in the economic picture. The economic recovery is now consistently picking up speed, and American consumers are the ones pushing the gas pedal. They increased their spending late last year at the fastest pace since 2006.The question now is whether they can spend enough this year to make the economy grow even faster and finally bring down unemployment. It's up to them because the housing market and government spending aren't offering much help.A more active consumer was the main … (0 comments)
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