From the New York Times today:
Even with the sharp drop in stocks over the last week, the Dow Jones is up about 80 percent from its low in March 2009. And with the overall economy nowhere near its recession lows, buying nice, expensive things is back in vogue for people who can afford it.
Make that 75 percent as consumer confidence wanes. And once again, Red Rover, Red Rover, send the economic recovery back over…
∙ Even Marked Up, Luxury Goods Fly Off Shelves [New York Times]
∙ Stocks Tumble as Two-Year Treasury Yield Drops to Record Low [Bloomberg]
∙ Consumer Confidence in U.S. Declines [Bloomberg]
∙ Red Rover, Red Rover, Send The Economic Recovery Back Over [SocketSite]