So people are not buying, despite lower prices–retail sales declined in March, and were down 9.4% compared to last March and down 8.8% for the quarter, despite CPI falling on a seasonally adjusted basis. The CPI fell 0.2% for the 12 months through March, the first such decline since August 1955.
On Sunday television, Larry Summers appeared on Meet the Press, while Rep. George Miller spoke on his bid to promote 401(k) fee transparency on 60 Minutes.
This week, the Conference Board releases its leading indicators data on April 20, while sales of existing homes are released on April 23, and new homes on April 24.
