Relevant:
- U.S. shoppers spend less over holiday weekend amid discounting
- U.S. retail holiday sales rose 4.9%, biggest increase since 2011 (per Mastercard, at least...)
- Meet me at the Bottom
- Americans Unleash Epic Debt-Fuelled Spending Spree As Credit Card Debt Jumps Most On Record
- Falling Housing Prices Drag Down Consumer Spending Index for 3rd Straight Month: Deloitte
2007-12-24 — reuters.com
'From Madrid to Malibu, the housing meltdown is cracking the foundation of consumer spending, and barring a last-minute shopping spree this week, the holiday season looks likely to be the latest casualty.'
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