Posted on 07/10/2009 8:53:28 AM PDT by Red in Blue PA
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 Friday.
Consumers' escalating concerns about an extended economic downturn, job security and erosion of wealth were the main factors depressing sentiment, the survey said.
Its preliminary index of confidence for July fell to a reading of 64.6 from the final reading for June of 70.8. July's preliminary reading was well below economists' median forecast for 70.5.
The index of consumer expectations fell to 60.9 from June's final reading of 69.2.
The index of current economic conditions slipped to 70.4 from June's final reading of 73.2.
(Excerpt) Read more at cnbc.com ...
But I guess that isn't a good example as my buys basically represent a no-confidence vote in govt.
Where did you find it?
Got lucky at Walmart. I actually bought 1000 rounds but split them with my dad.
My husband and I registered our no-confidence by sitting on our savings and choosing a do-it-yourself touch-up to our bathroom, rather than a complete remodel. Who knows, by 2010, we may need those savings to buy a loaf of bread!
This consumer has been in a sour mood since November and it gets worse each month.
It goes up. It goes down. But just like the stock market and -7nobama’s tracking poll numbers, the overall trend is down.
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