U.S. Retail sales stagnant


http://www.bloomberg.com/news/2011-07-14/retail-sales-in-u-s-stagnate-as-unemployment-hurts-consumers.html

As I have said numerous times, if people don’t make money or are afraid for their jobs, they consume less. And most Americans have become wiser with respect to borrowing. There is an air of fiscal sobriety among the middle class and the working poor that will not change easily. However, my reforms can bring a solid economic revival to New Jersey.

The wealthy are more confident. But some indexes of confidence, such as among college graduates, are in the negative numbers – read below.

http://www.bloomberg.com/news/2011-07-14/u-s-consumer-confidence-rises-on-boost-in-finances-bloomberg-index-shows.html

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