Sears Launching 'Lease To Own' Reflects on the Economy
Ben Bernanke can sell the "evolving economy" all he wants at the Federal Reserve meeting today.
A significant portion of Sears bottom line comes from big ticket items: Refrigerators, lawn and tool equipment, home electronics etc.
The economy for the average American is stagnant or sliding. Consumers hold on to older items longer and purchasing cycles go longer. Retailers like Sears are watching their bottom lines. Where is the true recovery not what Washington DC tries to sell us?