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Wednesday, April 7, 2010

Consumers Are Buying Again


“American consumers are finally coming out of hiding. After months of penny-pinching amid the recession, new figures — showing an improving job market, rising factory output and increased retail sales — suggest that consumers are no longer restricting their budgets to necessities like food and medicine. They are starting to buy clothes, jewelry and even cars again.” (New York Times, Wednesday)

Inflation fears can stimulate buying too.

FEE Timely Classic
“Consumption Can Drive Economic Growth? ~ It Just Ain’t So!” by Christopher Lingle