Game over, man..... GAME OVER! Oh man, I
was gettin' short, too.... just
five more months, than out....
Now I'm gonna buy it on this rock!
Posted on 04/29/2008 7:28:24 AM PDT by Lazamataz
Confidence among U.S. consumers fell to a five-year low in April as they confronted the grimmest jobs market since autumn 2004, the Conference Board said.
The private Conference Board's index of consumer sentiment fell to 62.3 in April, the lowest since March 2003, when the Iraq war was launched, from an upwardly revised 65.9 in March.
Despite the fall, the result beat the median forecast of economists polled by Reuters, which projected a reading of 62.0.
Reflecting worries about the labor market, the gauge of respondents' feelings that jobs are plentiful slid to 16.6 in April, the lowest since September 2004, from 19.2 in March.
A measure of the view that jobs are hard to get rose to 27.9 -- the highest since November 2004 -- from 24.5.
Consumers' assessment of their present situation fell to 80.7, the lowest since December 2003, from 90.6.
The release by the Conference Board, a private business and research organization, follows Friday's Reuters/University of Michigan gauge of consumer sentiment, which hit its weakest in 26 years on heightened worries over jobs, inflation and the moribund housing market.
Earlier on Tuesday, data showed prices of existing U.S. single-family homes extended their slump in February, with 17 of 20 measured regions posting record annual falls, according to the Standard & Poor's/Case Shiller home price index.
It’s because energy is approaching unaffordable and most of us won’t get raises big enough to even match cost of living increases.
What about consumer confidence in the broadcast media?
Blame the Democrats. They want us to suffer.
If I get to the grocers and all they will let me buy is a lousy 10 lb sack of rice, I would not be a confident rice-eating consumer.
I will be extra-confident for everyone else when I fill up at noon here for $3.75 a gallon.
According to the currency websites I access, the figure LAST month was 62.0 which was the lowest in years. However this month showed a miniscule gain to 62.3.
Does the MSM have a interest in talking down the economy by not reporting the facts.
Only five? We’ll take their rice, too.
I doubt that it’s any higher.
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