Friday, January 29, 2010

Consumer spending isn't yet up to snuff - WSJ

"We've still not seen robust signals from the data that the private sector is ready to stand on its own two feet," said Brad Samples, an analyst at Summit Energy in Louisville, Ky. "Consumer spending is by and large what drives the U.S. economy, and that in turn is what drives consumption of oil."

http://online.wsj.com/article/BT-CO-20100129-713137.html?mod=WSJ_World_MIDDLEHeadlinesEurope

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