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July Consumer Confidence Index: 50.4 vs. 50.8 expected and 52.9 prior. Present situation 26.1,...

July Consumer Confidence Index: 50.4 vs. 50.8 expected and 52.9 prior. Present situation 26.1, vs. 25.5 prior. Expectations 66.6 vs. 71.2 prior. "Consumer confidence faded further in July as consumers continue to grow increasingly more pessimistic about the short-term outlook... retailers are very likely to face a challenging back-to-school season.”
Comments (3)
  • This is a result of only stimulating the top 1% of America: Corporate earnings and debt guarantees.

     

    we ain't got no jobs, free trade made us terribly non-self-sufficient.

     

    but i guess, who needs a job when you got food stamps and unlimited unemployment checks, subsidized housing, soon, free healthcare, get to put 3.5% down for a house and then get $8k back and then get to live in that house for 2 years for free as you wait for bank to foreclose on you.

     

    all is fine until "something happens"
    27 Jul 2010, 10:10 AM Reply Like
  • Consumer confidence numbers reflect our confidence in our crony government. Until the bums are thrown out in November there isn't much to be looking forward to..... The American people know they've been sold out and only the bureaucrats, politicians, and financial elite are benefiting from our current situation.
    27 Jul 2010, 10:19 AM Reply Like
  • "Until the bums are thrown out in November there isn't much to be looking forward to..... "

     

    But how much damage will the thrown out bums do during the lame duck session as they try to feather their own nests?
    27 Jul 2010, 11:34 AM Reply Like
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