No kidding. Thanks S&P.
As we noted earlier, rising US consumer credit delinquencies will make it difficult for any consumer-led rebound to unfold in the US this year.
EUR/USD has fallen back to the 1.3950 area before stabilizing.
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S&P: Rest of 2009 will be tough on consumer-based sectors
S&P: Rest of 2009 will be tough on consumer-based sectors
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