Articles

Consumer confidence heads for shelter, in the basement

In Uncategorized on June 23, 2011 by reibroker Tagged: , , , , ,

There are a lot of storms this year. Tornadoes have ravaged parts of the country where they are rarely spotted. Floods have covered the plains states and there seems to be no sign of slowing.

What did we expect from the economy with the storm brewing in DC? The jobless rate is astronomical, gas prices – holy cats! Food prices up, up and up. And now home sales down yet another 2%.

Here’s your change. Hope it’s what you expected …

Amplify’d from www.bloomberg.com

U.S. Consumer Sentiment Unexpectedly Falls to Six-Month Low on Job Outlook

Consumer sentiment unexpectedly
decreased in May to the lowest level in six months as Americans
grew concerned over the outlook for jobs and the economy, while
a measure of home prices dropped to a nine-year low.

Read more at www.bloomberg.com

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: