Jittery Shoppers Dim Hope for Recovery on page A1:-
Americans show little sign of regaining the confidence that once made the world-champion shoppers, and that caution has caused retailers leary about the prospects for the economy in 2010. Conference Board said its consumer confidence index fell to 46.0 in February from 56.5 a month earlier, its lowerest point in 10 months.
However,shoppers in China are spending with zeal so PBOC has taken action to cool down the economy last week.
Such is an update of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao watching the headlines of news to share with readers for comparison.
February 24, 2010 at 3 p.m.
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