With GDP growth far lower than economists had expected, Simon Tilford, of the Center for European Reform, says that Germany's sense of invulnerability in the face of the crisis is part of the reason why today stalled economy is making Germans eat their words.
The number of payments on credit cards 90-days or more past due slipped to just 0.6 percent in the second quarter. Marketplace Senior Business Correspondent Bob Moon reports that may be because Americans are cutting back on spending and banks are making it harder to get credit.
Marketplace Morning Report®, hosted by David Brancaccio, kicks your weekday off right. Now a regular segment on NPR’s Morning Edition®, it’s a dash of news to go with that first cup of coffee. Get a global perspective on what’s making the business news headlines, airing up to five times each morning.