Italian Shoppers Close Wallets
Now that the holiday shopping season is mostly behind us — and before the official and semi-official numbers start rolling in on how much consumers spent — the early indications of consumer sentiment are decidedly mixed. In the US, sales…
The Italian government’s recently adopted austerity measures will slice more than €1,100 from each of the country’s households this year, pushing consumer spending down as families adjust to the lower income. The result will be an even greater negative impact on the country’s economy. Not exactly what Italy needs right now.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
