The bottom line
U.S. consumer confidence fell to a new low, as measured by RBC Cash Index, which started in 2002 . . .
U.S. consumer confidence fell to a new low, as measured by RBC Cash Index, which started in 2002. The index hit 33.1 in March, from 48.5 in February. “The U.S. consumer is definitely in full defensive mode,” said analyst T.J. Marta RBC Capital Markets. (AP in Yahoo! Finance) The Federal Reserve reported yesterday that with falling home values, increasing debt, and inflation, the net worth of U.S. households fell in 2007. (MarketWatch)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- China's leader is telling the People's Liberation Army to prepare for war
- Why Pakistan won't hunt down the terrorists within its borders
- How to save money: 12 great personal finance tips
- The religious right isn't retreating — it's reforming
- How I lost all my money
- How academia's liberal bias is killing social science
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
- 10 things you need to know today: December 22, 2014
- A brief history of the Christmas present
Subscribe to the Week