Quotes of the Day

recession economy
Friday, Nov. 14, 2008

Open quoteThese numbers reinforce the fact that we are in a recession. Close quote

  • MICHAEL NIEMIRA,
  • chief retail economist for the International Council of Shopping Centers, as U.S. retail sales in October suffered the worst monthly drop on record; more Americans have stopped spending just weeks before the holiday season
Photo: Toshifumi Kitamura / AFP / Getty | Source: CNNMoney