What This Week’s Numbers Revealed: Pessimism Rises as Prices and Spending Drop
by Christina Lee on December 12th, 2008
A collective analysis of studies released this week paint a revealing, evocative portrait of the nation’s economic environment. As prices drop, spending drops even further, as an opaque cloud of consumer pessimism remains hovering over the nation. But below, amongst all of the downward activity, researchers are searching for that cloud’s silver lining. On the Ground Below The Bureau of Labor Statistics, National Retail Federation, and Census Bureau released reports indicating that wholesalers and retailers are still adjusting to the economic climate, as price indexes continued to fall: Retail container traffic fell in November for the 16th month in a... Read more »