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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: smolejv@gmx.net who wrote (52052)8/3/2004 2:35:20 PM
From: American Spirit  Read Replies (2) of 74559
 
High energy prices are starting to kill this economy

Consumer Spending Drop Biggest Since 9/11

By Tim Ahmann

WASHINGTON (Reuters) - U.S. consumer spending in June took its biggest plunge since September 2001 as shoppers, sapped by high energy costs, cut back sharply on car purchases, a government report showed on Tuesday.
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