April 7, 2010

SPENDING, NOT THE ECONOMY:

Upbeat Signs Revive Consumers’ Mood for Spending (STEPHANIE ROSENBLOOM, 4/06/10, NY Times)

After months of penny-pinching amid the recession, new figures — showing an improving job market, rising factory output and increased retail sales — suggest that consumers are no longer restricting their budgets to necessities like food and medicine. They are starting to buy clothes, jewelry and even cars again.

The mood has gone from panicked to cautious, and now, as Mark Zandi, chief economist for Moody’s Economy.com put it, some consumers are “almost a bit giddy.”

Posted by Orrin Judd at April 7, 2010 1:46 PM
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