Fred Harteis News Articles - Wall Street looked beyond the government’s bailout plan on Wednesday and saw more signs that the economy was in for a dramatic slowdown.
Shares in New York fell sharply on Wednesday amid the likelihood that serious dislocations will plague the economy even if the coordinated bailouts announced this week succeed in restoring confidence to credit markets.
Two reports on Wednesday put the slowdown into perspective. One report said that retail sales decreased 1.2 percent last month, nearly double the 0.7 percent drop that had ... more »
