A ray of light at tunnel's end

June 2009
Las Vegas Business Press (10712186);6/1/2009, Vol. 26 Issue 22, pP32
The author reflects on the U.S. recession which has affected consumer spending and gross domestic product. It is noted that there has been a surge in consumer spending in the country in spite of the economic downturn due to tax refund checks and reduced mortgage payments because of home refinancings. It was also confirmed by Federal Reserve policymakers that consumer spending has demonstrated signs of stabilizing.


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