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Consumer Retreat Forcing Nations To Refocus Economies
The era of the consumer-driven economy may be over. After powering U.S. and global growth for more than a generation, the American consumer has run out of gas. Burdened by debt and no longer able to borrow against rising home and stock values, U.S. households have begun a retreat in spending that will require the nation and the world to find new economic drivers, economists say. ...more
March 24, 2009
Experts Hope Rate Cut Nudges Credit Open
The still-cinched credit markets are anticipating a half-point interest rate cut from the Federal Reserve this week, but investors are worried it won't be enough to quickly revive the economy. ...more
October 28, 2008
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