John Dennerlein

September 2, 2011Retail Therapy: Are Consumers Buying Their Way Out of Misery?

The Consumer Confidence index fell to 44.5 in August. The bigger-than-expected decline was the lowest reading since April 2009, when the economy was still in a recession. However, Bank of America Merrill Lynch economist John Dennerlein said there may be some good news about consumer spending buried inside the report.

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