they re up. which means consumers are in the game? fourth gain in five months, surprising with the weather so bad, credit tight, people worried about the job situation, but they were out spending, any number of categories appliances, furniture, even the restaurants and bars saw an uptick. so, that s a positive. really does show us that perhaps the consumer is in the game, and it also reiterates the fact that perhaps there s some staying power, that the recovery is sustainable. does it also show that maybe we re regaining some of all of the lost wealth out there? we have. if you look at household and net worth, which would include all of your assets, your home, for example, your investments, subtract your debt, your mortgage, your credit card, household wealth is actually up. and it was up last quarter because of the stock market gains, not at prerecession levels, but it has been going up, and the more money we make, the more we spend and gets back out in the economy. that s
Detailed text transcripts for TV channel - FOXNEWS - 20091026:03:30:15
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Detailed text transcripts for TV channel - FOXNEWS - 20091026:05:30:15
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