Ah, the holiday season! Turkey and dressing, pumpkin pie, office parties, jingle bells, and lots and lots of eggnog make the season a delight. But all fun and reindeer games aside, you have to be careful to make sure you don’t wind up as poor as Tiny Tim! Americans can spend as much as $1,000 [...]
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Everyone keeps complaining about the economic “down turn” and the current state of our country. On the news we are constantly reminded that we are in a “crisis”, that Americans are “suffering”. Granted, things have changed drastically over the last few months. But let’s get real, most of us don’t really know what it is [...]
NEW YORK (Reuters) – Consumer confidence suffered its steepest monthly drop on record in October, a survey showed on Friday, as the worst financial crisis in generations continued to take its toll.The Reuters/University of Michigan Surveys of Consumers said its final reading of its index of confidence plunged to 57.6 in October from 70.3 in [...]
LONDON (AP) — Oil prices slipped below $65 a barrel Friday, extending declines after data showed the U.S. economy contracted in the latest quarter, reinforcing expectations of a prolonged slump in demand. Light, sweet crude for December delivery was down $1.35 to $64.61 a barrel in electronic trading on the New York Mercantile Exchange by [...]
Continue reading about Oil falls below $65 on US contraction
WASHINGTON (Reuters) – Consumers cut their monthly spending for the first time in two years during September, evidently bracing for hard times as jobs continue to disappear and credit conditions tighten. A Commerce Department report on Friday showed that consumer spending shrank by 0.3 percent in September and was flat in both August and July. That was [...]
