Recovery or no recovery…?

A number of economic indicators are pointing towards the end of the recession. But just today, retail sales fell more than expected, and the number of new unemployment claims rose more than expected (though the number of overall people on unemployment dropped). What this means is that the economy might be starting its slog through recovery, but it’s going to be a while before its reflected in the American consumer. Part of this might be a change in the mindset of Americans: They’re saving more and spending less. Which might not necessarily be a bad thing in the long run.

1 Comment

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