Consumer spending is on a roll

Article Abstract:

The economy's stable growth as the year 1999 ushered in, along with a strong close for 1998, foretells how consumer spending will retain its strength for the rest of the year. Consumer confidence remains high amidst low inflation, increased personal income, a robust job market and a comeback of the manufacturing industry in Mar 1999. Despite the decrease in personal savings rates, consumer confidence regarding current economic conditions and those of the near future is likely to signal more growth for retailers of all stripes.

United States, Consumption (Economics), Consumer confidence

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"Unsettling revelations" about federal finances

Article Abstract:

The 'Budget Baselines, Historical Data, and Alternatives for the Future' report is the final major fiscal statement made during Bush's administration. The report describes the nation's serious fiscal problems such as the federal budget deficit and the solvency of the Medicare and Social Security programs.

Editorial, Bush, George H.W.

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Home resales fell 1.9% in October

Article Abstract:

The Natl Assn of Realtors reported that sales of existing homes fell to a seasonally adjusted rate of 4.07 million units. The drop follows five months of uninterrupted gains in home resales. Short-term interest rates, housing starts, and other economic news are also discussed.

House selling, Home selling

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