Economic Report: U.S. Economy Takes Triple Whammy – 02/27/08
It was a triple whammy of bad news for the U.S. economy on Tuesday. The most troubling, consumer confidence is way down – dropping 12 points since last month. Wholesale prices are up by one percent – double what economists had been projecting. And home prices continue to decline – dropping nine percent in the final quarter of 2007. Tied together Americans are left feeling poorer.