Word: consumerized
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Talk of "green shoots" is everywhere. The stock market is up 34% since early March. Credit market conditions are easing too, if less dramatically. Housing sales are picking up in some of the hardest hit markets, though prices are still dropping. Measures of business activity and consumer sentiment are returning...
There's pretty widespread agreement that the recovery, when it comes, won't be robust. "Even after a recovery gets underway, the rate of growth of real economic activity is likely to remain below its longer-run potential for a while," said Bernanke in his testimony to the Joint Economic...
The Chrysler bankruptcy makes a bankruptcy at GM harder because the American consumer may only be able to deal with the Chapter 11 of one of its auto companies, particularly the one that is the smallest of the three. But the consumer will almost certainly be forced psychologically, if GM...
Souter served as attorney general for two years before moving on to the state's highest court, where he would leave behind a record in which liberals and conservatives could both find encouraging signs. He was a strong supporter of environmental and consumer protections. But in criminal cases he tended...
The state economy is still contracting, but an economic index released by the University of Massachusetts projects that the rate of decline is becoming less severe. According to the MassBenchmarks Current Economic Index, the state economy declined at an annualized rate of 4.2 percent in the first quarter of the...