US Consumer Confidence Tumbles to 9 Month Low

[The Prof]

U.S. consumer confidence unexpectedly weakened in August to its lowest in nine months as Americans turned more pessimistic about the short-term outlook, according to a private sector report released on Tuesday.

Conference Board, an industry group, said its index of consumer attitudes fell to 60.6 from a downwardly revised 65.4 the month before. Economists had expected an increase to 66, according to a Reuters poll.

It was the lowest level since November. July was originally reported as 65.9.

The expectations index tumbled to 70.5 from 78.4, while the present situation index edged down to 45.8 from 45.9.

Consumers were more concerned about price increases, with expectations for inflation in the coming 12 months climbing to 5.9 percent from 5.4 percent.

US Consumer Confidence Tumbles to 9-Month Low - US Business News - CNBC

obama relies on the uninformed to outvote the informed in november, an impossibility

americans know what's going on

worry

 

[Taylor]

obama relies on the uninformed to outvote the informed in november, an impossibility

americans know what's going on

With gas prices hovering at $4.00, how can you hide it? Entertaining optimistic thoughts? That next trip to the gas station will provide the necessary punch in the gut to set you straight.

 

[ChunkySalsa]

News: Consumers are burdened with debt! Demand is down! Businesses are just sitting on massive amounts of money!

Republicans: Reduce benefits to and raise taxes on the consumers! Cut taxes for businesses and the rich! We need to increase the amount of money businesses are sitting on!

 

[Another Lurker]

News: Consumers are burdened with debt! Demand is down! Businesses are just sitting on massive amounts of money!

Republicans: Reduce benefits to and raise taxes on the consumers! Cut taxes for businesses and the rich! We need to increase the amount of money businesses are sitting on!

From the news I've heard, the businesses are sitting on their money out of fear of what the Kenyan will do next. And don't give me the pablum about Congress. Right after he took over, a member of the WH staff said that he would RULE BY EXECUTIVE ORDER which he has.

A L

 

[Helix]

americans know what's going on

many certainly do. they've woken up to the fact that the trickle down fairy isn't going to leave anything under the pillows of the middle class.