March 11, 2011
For the week ending March 11, retail spending was up, partly due to the payroll tax cut and partly due to increased borrowing. A quarter of residential mortgages are underwater; state attorneys general are attempting to revise foreclosure practices; and we wait to see if the price of oil will derail the recovery.
For the week ending March 11, retail spending was up, partly due to the payroll tax cut and partly due to increased borrowing. A quarter of residential mortgages are underwater; state attorneys general are attempting to revise foreclosure practices; and we wait to see if the price of oil will derail the recovery.
