Detailed text transcripts for TV channel - FOXNEWS - 20111224:11:17:00
Understood. but the first sign that consumes are slowing down, a sign. >>peter: look at last month's data. in the last several month consumer spending has been outrunning their income and the savings rate is falling. in february the credit card bills come and they can not borrow against their house and they will have to slow down. >>juliet: we have trouble in europe creating havoc in the united states. >>peter: not isolated fromup's banks. if europe fall interests a full-scale crisis and banks fail or require bailouts, that will feedback into u.s. banks, credits drying up in europe now, and it...
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