Analyzing the Economy's Mixed Signals

Ad Feedback

Consumer spending shot up by the largest amount in nearly eight years this August.

The government's Cash for Clunkers program is credited for much of last month's jump.

Consumer spending accounts for 70 percent of economic activity. Despite the increase, however, shoppers are getting less for their dollar.

This week, World Bank's president warned the dollar may not always be the main currency for international trade.

Statistics show it cost nearly $620 in 2008 to buy the same things that cost $100 in 1968.

CBN News spoke with Washington Times Chief Economic Correspondent Patrice Hill about the latest financial numbers. Click play for her comments.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.