Business news for Sat, 22 Dec 2007 & with words recession+spending. 5 news.

WASHINGTON - The housing market is tanking, the credit markets are in crisis and economists fear a recession could be on the way - but in November at least, that wasn't enough to slow down the American consumer.

The housing market is tanking, the credit markets are in crisis, and economists fear a recession could be on the way - but in November at least, that wasn't enough to slow down the American consumer. Personal spending rose 1.1 percent last month, the biggest...

The Dow rises 205 points on consumer spending news. The S & P 500 and Nasdaq also see big gains. Stock prices jumped Friday, posting their sharpest gain in three weeks, after the biggest increase in consumer spending in two years helped reduce concern about a possible recession. The Dow Jones industrials rose more than 200 points.

The housing market is tanking, the credit markets are in crisis, and economists fear that a recession could be on the way -- but in November at least, that wasn't enough to slow down the American consumer.

Americans spent at their fastest pace in two years in November, the Commerce Department said Friday, easing concerns about a near-term recession.