How U.S. Retailers Are Absorbing The Fuel-Price Shock

How U.S. Retailers Are Absorbing The Fuel-Price Shock We have diligently tracked the Gulf-related fuel-price shock hitting the American consumer, with prices rising at the fastest rate in three years, personal savings depleted, and spending still running hot, a trend Goldman flags as increasingly troubling for the broader economy. This cocktail has revived uncomfortable memories of the 1970s: higher energy costs, squeezed households, and a consumer still spending into weakness. ...

By Tyler Durden