This article was about how consumers are spending more money, which in turn helps the economy. Interest rates can remain the same because of the stabilized inflation, which is good for policy makers. The real estate business was also doing well because it rose 4.9 percent in December. This all falls hand-in-hand because with less income and more speding, there is a decrease in savings. This means that people are worried on spending and "dipping" into their savings.
http://www.nytimes.com/2007/02/02/business/02econ.html?_r=1&oref=slogin
Friday, February 2, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment