October 18, 2012 at 10:44 AM EDT
A New Consumer Splurge? Don’t Hold Your Breath
With Europe in a funk and Asia’s economic powerhouse sputtering, is the American consumer ready to pull out her credit card and rescue the global economy? Some analysts seem to think so, but I doubt it. U.S. households have been reducing their debt levels for the past five years, by paying it down in some [...]
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