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Consumer Confidence

Started by pulaski
almost 15 years ago
Posts: 824
Member since: Mar 2009
Discussion about
"Consumer Confidence Collapses From 59.2 To 44.2: Lowest Since April 2009, Hopium Ends As Outlook Crushed" "And even uglier is the 6 month outlook chart which collapsed from 74.9 to 51.9, one of the biggest monthly drops in history. This sets the stage for the ISM, for NFP, for further GDP cuts, and for September 21." http://www.zerohedge.com/news/consumer-confidence-collapses-592-442-lowest-april-2009-hopium-ends-outlook-crushed
Response by Riversider
almost 15 years ago
Posts: 13573
Member since: Apr 2009

Well clearly the consumer has lost it's mojo

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Response by falcogold1
almost 15 years ago
Posts: 4159
Member since: Sep 2008

I want two flavors if were getting a double dip
looks like a double dip
smells like a double dip
tastes like a double dip

Not to worry...the fed 'gots tools'

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Response by Riversider
almost 15 years ago
Posts: 13573
Member since: Apr 2009

Nobody earns any interest on their savings, so if they are funding retirement or living off retirement savings they must cut back, otherwise they eat into principal or won't achieve their savings goal. The fact that consumers aren't confident should not be a surprise here folks. It's called the income effect.

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