Tuesday, April 14, 2009

Recession over? Not!

The rumors of the recession's death have been greatly exaggerated:
Retail sales in the U.S. unexpectedly fell in March as soaring job losses forced consumers to pull back.

The 1.1 percent decrease followed a 0.3 percent gain in February that was stronger than previously estimated, the Commerce Department said today in Washington. Auto dealers, electronics stores and restaurants led the decline.

Less consumer spending heading into the second quarter means the recession is likely to persist. Incentives and promotions by car dealers and clothing stores such as Gap Inc. failed to draw customers hurt by a lack of credit and the highest jobless rate in 25 years.

5 comments:

  1. my gad
    my stock down to 0....
    apple

    ReplyDelete
  2. The recession will drag for another year or more.

    ReplyDelete
  3. I think real estate is going to be a good investment if you have extra cash to spare..Orlando

    ReplyDelete
  4. This is probably the worst blog on the Web for making that pitch, VP.

    ReplyDelete