Retail sales down three months in a row: why economy is cooling - CSMonitor.com
Behind the economic gloom that has seen retail activity decline for three straight months are a weak job market, high debt loads, even fears of the looming 'fiscal cliff.'
In a normal economic recovery, growth in spending by consumers provides fuel for employers to add jobs. And as people see more jobs being created, they feel more confident to spend. That "virtuous cycle" of progress has been operating at only a tepid pace since 2009.
Economy continues to struggle under failed obama polices......
Behind the economic gloom that has seen retail activity decline for three straight months are a weak job market, high debt loads, even fears of the looming 'fiscal cliff.'
In a normal economic recovery, growth in spending by consumers provides fuel for employers to add jobs. And as people see more jobs being created, they feel more confident to spend. That "virtuous cycle" of progress has been operating at only a tepid pace since 2009.
Economy continues to struggle under failed obama polices......
