Tuesday, August 4, 2009

A good sign


By Dan Danford


Even in the face of continuing bad news, the American consumer is starting to feel better. The severity of this recession was due - in part - to a crisis of perception. People were terrified and their behavior showed it. Now they are starting to perk up and it shows in their spending. It's a good sign, similar to a sickly patient who starts complaining about noises in the hallway. It's a little thing, but you know they are starting to heal.

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