The U.S. Economy of Fear
I read the article, “Economic Fears Drive a Global Sell-Off”, on the front page of yesterday’s (9/23/11) edition of the LA Times. The author reports that investors all over the world are holding on to their money for fear that economies in various parts of the world will falter or even collapse. Towards the end of the piece I read that, despite the worrisome economic trends around the world…
Still many analysts say the U.S. economy hasn’t fallen of a cliff. Whether it will depends on how American consumers react to the latest market turmoil because consumer spending accounts for
