THE BE YOUR OWN ECONOMIST ® BLOG
This morning’s Bureaus of the Census news releases on retail sales (http://www.census.gov/svsd/www/marts_current.html) made a bad situation look worse. Census reported that retail sales fell 0.4% in December. Many optimists had pointed to the consumer as the economy’s last show of strength. If consumption sinks, too, what’s left?
© 2008 Michael B. Lehmann
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