http://money.cnn.com/2009/04/20/pf/citigroup_kerschner_thrifty.fortune/index.htm?postversion=2009042010
Signs that we're reaching an economic bottom are beginning to emerge: a 28% jump in the S&P 500 index since its March low, a sustained rise in oil prices, and the Fed's latest Beige Book noting "a moderation in the pace of decline. Many American Consumers are spending consiously rather than conspicuous. Economist are predicting this "slump" to last longer than planned bcause of consumers spending. This artical reminds me of one of our lessons in class. i choose to believe that consumers are spending alot more consious because money is very tight an people are scared of the risk. I chose this artical because it is a prime exsample of how consumer spending is affecting the economy. I would recommend this artical as well as follow the subject.
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Nice job, Raven! You picked an interesting article, and I liked that you added your own opinion. I'm also glad it reminded you of something we did in class. :) What was it?
ReplyDeleteI would have liked for you to add something about why you picked this article, and what you thought of the source.
Grade: 6/10