To the Point
Consumers Freeze in the Face of the Financial Crisis
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 .
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.
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