Posted on 07/10/2009 7:33:37 AM PDT by Oldeconomybuyer
NEW YORK (Reuters) - U.S. consumer sentiment soured in early July, slipping to its weakest since March, when confidence in the financial sector and economy were at a low ebb, the Reuters/University of Michigan Surveys of Consumers showed on Friday.
Consumers' escalating concerns about an extended economic downturn, job security and erosion of wealth were the main factors depressing sentiment, the survey said.
Recent income gains were reported by the fewest consumers in the more than fifty-year history of the survey, the statement said.
(Excerpt) Read more at finance.yahoo.com ...
George Soros is not going to be able to buy The Messiah out of this mess.
It looks like Obama’s economic chickens have come home to roost!
If I knew gasoline would hold steady, at any reasonable level, I will adjust my spending to it and spend. With the uncertainty that exists I save my money , thanks.
utterly predictable whenever you turn things over to a bunch of ivory-tower academics who have no understanding of the real world
If Soros can destabilze a few important currencies he can improve the value of the dollar, decrease oil prices for dollars, and improve the balance of trade a bit. That might be enough to offer a short term modest recovery in time for the mid terms. Holding Cogress in its present form will enable the Dems to pass a round of election reforms, enact new measures based on the bogus 2010 Census, and pass a round of severe restictions on media, enough to make 2012 and future elections almost a sure thing.
Starve the Beast. There are a few ways to do this—consumer spending and taxes (deductions). Send a message.
If he wants to move his agenda this year, he ought to be doing that right now. This whole collapse thing may be out of his greedy , anti-Semitic little hands.
By the way, our Marxist King has no choice but let the 2010 tax increases go through, and that is going to seal the deal for quite a few of his Democrappian followers in the Congress.
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