Consumers not feeling a recovery

Two key reports Thursday showed one thing: happy days are not here again for American consumers.

Retail sales fell in July after two straight months of gains, the government reported Thursday, a drop that surprised economists. Without car sales from the "Cash for Clunkers," the numbers would have been even worse.

And Wal-Mart (WMT, Fortune 500), the world's largest retailer, reported an unexpected decline in its key measure of U.S. sales.

Read Full Article from CNNMoney.com

- Posted: 2009-08-13 10:33:08

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