Credit crunch: Not so happy holidays

Courtesy Economic news - CNNMoney.com  Fri, 10/03/2008 - 11:12

With the big year-end shopping holidays fast approaching, the credit market freeze couldn't come at a worse time for consumers, retailers and the broader economy.


 

More related items

Price drops could worsen economy
Consumer prices fell 1% last month, the most on record. It's good news for consumers looking to save a little on purchases, but as Steve Henn reports, deflation means we could be heading into...

Consumers rein in borrowing
Borrowing by consumers fell in August for the first time in more than 10 years as a weak economy continued to strain household budgets, according to a government report issued Tuesday.

600,000 jobs lost - and counting
Job losses have been mounting, and the slowing economy and credit crunch is likely to take an even greater toll in the coming months.

Panasonic DMW-FL360 External Flash (GN36) for...
External Flash for Panasonic DMC-L1, DMC-FZ50, and DMC-FZ30 Digital SLR Cameras

Olympus Zuiko 50-200mm f/2.8-3.5 Digital ED SWD Lens...
This 50-200mm F2.8-3.5 SWD is a high-performance super-telescopic zoom lens that features the Supersonic Wave Drive (SWD) autofocus system, which enables the lens to achieve an AF speed...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
money-employment.marc8.com