A rare decline in U.S. consumer spending precarious economic pillars.

<P> Consumer spending last year to face the U.S. economy and rising energy prices stimulated the property market decline, capacity is still the mainstay of anti-recession, but there was strong indication that consumer spending has begun to cool down significantly, and the United States at all levels, from labor to .are so rich. .Sudden tightening of consumer spending is likely to mean that the U.S. is not just growth in personal spending slowed, but may be experiencing a rare decline. .</ P> <P> "New York Times" pointed out that the decline in consumer spending may be the first time since 1991, and almost certain to be in this presidential election year, will push the economy into a recession. .Because the U.S. economy driven mainly by consumer spending, and now consumers are tightening purse, corporate profits declined whom, in turn reduce investment, massive layoffs, and increased consumer embarrassment, creating a vicious cycle, and thus the U.S. economy into the abyss .. .</ P> <P>: http://finance. Many U.S. retailers, including upscale department store Nordstrom, Tiffany and other fine stores, and Target, JC Penny and other mid-level stores, in December last year, revenue growth slowed down significantly, .Several a negative growth. .Sears department stores and Kmart chain store of the group on Monday announced, as of 5 January a total of nine weeks of the year-end holiday sales decrease of 3.5%, the fourth quarter of fiscal year (ended February 2) profit will be reduced from 350,000,000 to 4.7 .billion, well below the same period last year to 8.2 billion U.S. dollars. .</ P> <P> large organizations, the American Express card, said since early December last year, its 52 million cardholders spending growth rate from 13% to 10%, in 2001 the first time after the recession .slowed. .American Express cardholders are generally affluent consumer group. .</ P> <P> as an important indicator of the economic robustness of consumer confidence has also been falling. .Pew Research Center president, Kurt said the poll by the company, consumer satisfaction with the U.S. economy has hit a low of fifteen years. .</ P> <P> even considered response to rising gasoline prices and home values fell immunity of the rich, are also affected. .Saks Fifth Avenue luxury department stores, operating most of the time last year, fast growth, but to also significantly slowed in December last year, its chief executive Shadu Fu said: "It is clearly worried that the fall of the U.S. economy is to recession." </ P> < .P> Review of the past, even during the economic downturn, Americans rarely reduce their consumption, at most, only the strength of spending growth will weaken. .From 1980 to date, the Americans had only five quarters in the ten months combined ─ ─ reduction of expenditures, most of them are just in a recession. .Recession in 2001 that the U.S. consumers did not reduce expenditure. .</ P> <P> The decline in U.S. consumer spending has coincided with presidential election year, only once before, that in 1980, Reagan challenged the results of the Democratic Party to help President Carter's hand defender. .</ P>.