economic recovery: If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway.
- 02/15/11 03:52 AM
If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Tuesday, the Census Bureau released its national January Retail Sales figures and, for the seventh straight month, the data surpassed expectations. Last month's retail figures climbed 0.3 percent as total sales receipts reached an all-time high. It's good news for the economy which is scratching back after a prolonged recession, however as we have discussed in previous postings, if you're looking for a mortgage - rates have been going up since November and are not going to turn around anytime soon. Because consumer spending accounts … (2 comments)
If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway.
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