Capital Commerce
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Ignoring the Naysayers
Continue reading… 0 CommentsThe past few weeks, economists have been laying odds on two scenarios: a recession sparked by the housing downturn, or stagflation–lousy growth plus rising prices. Neither is very appealing. But the latest data provide a bunch of positives. Yesterday, we had news that retail sales rose 0.7 percent in March, with February sales being revised upward to a 0.5 percent gain from 0.1 percent previously. So despite all the concern that consumers will stop spending now that they're tapping less and less into their home equity, they are continuing to spend.
