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Fragile economy improves but not out of woods yet »

Posted by: STONERS 2 months, 1 week ago

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The fragile economy improved slightly at the beginning of the year and could grow a bit stronger in the current quarter as extra cash from tax rebates spurs people to buy more. Still, it's not out of danger yet.

Read Full Story at news.yahoo.com

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STONERS2 months, 1 week ago

"Nonetheless, the two quarters together marked the slowest growth in five years. The economy has been bruised by housing, credit and financial problems. That led consumers during the first quarter alone to boost their spending at the weakest pace since the 2001 recession."
"However, the government's tax rebates, the centerpiece of a $168 billion stimulus package, have helped to energize consumer spending in recent months, which should bolster the overall economy's performance in the April-to-June quarter."

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jmarks2 months, 1 week ago

first piece of good news this year!
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Harbeas2 months, 1 week ago

As long as oil continues to rise and lose any possibility of ever returning to a reasonable price, our economy is in deep trouble.
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