Concerns that a government-backed investment company risked defaulting on $60 billion in debt ripped through world markets and served as a reminder of how fragile the financial system remains a year after it nearly collapsed. …
New frugality is the new normal, by necessity (San Francisco Chronicle)
A year after “shop ’til you drop” stopped, the nation fixates on this question: Will consumer spending ever return to pre-recession levels? Increasingly, the answer appears to be no. Belt-tightening in bad times is normal. And after every other recession… Sponsored Topics: Recession – Consumer spending – Frugality – United States – Home
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