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.
The House reports back for duty on April 21, while the Senate starts up on April 20, when it will consider the Fraud Enforcement and Recovery Act of Sen. Patrick Leahy (D-Vermont).
More banks report earnings this week, including Bank of America on April 20 , Bank of New York/Mellon on April 21 , and Wells Fargo on April 22 .
Finally, in the good news/bad news category, NAPFA got some coverage from New York Times personal finance columnist Ron Lieber, whose advisor--a NAPFA member--allegedly stole some of his money. At least Lieber quoted Diahann Lassus, and provided a link to the NAPFA site.