Consumers Freeze in the Face of the Financial Crisis

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A huge decline in purchases of automobiles led a record drop last month in retail sales, but the biggest retailer of all is doing fine. WalMart saw a ten-percent increase in third-quarter profits. Sudeep Reddy is economics reporter for the Wall Street Journal.

Credits

Guest:
Sudeep Reddy - Wall Street Journal - @Reddy

Host:
Warren Olney

Producers:
Frances Anderton, Christian Bordal