Vote Of No Confidence


With Christmas only a month away, American consumers became more pessimistic about the economy in November, sending a widely watched barometer of confidence to the lowest level in two years amid worries about rising fuel costs and a housing market slump.

The New York-based Conference Board said Tuesday that its Consumer Confidence Index dropped to 87.3, marking a four-month slide and continuing down almost 8 points from the revised 95.2 in October.

It was the lowest reading since 85.2 in October 2005 when gas and oil prices soared after hurricanes flooded New Orleans and shut down a large chunk of the nation’s oil refineries. It also marked the sharpest drop since September 2005 when the index plummeted 18 points from the previous month. Analysts had expected a reading of 91.5 in November.

5 thoughts on “Vote Of No Confidence

  1. At my website, I’m taking a poll of my readers as an indicator of our economic trends. Please feel free to vote.

  2. Everybody’s more than welcome to go back to the sources here – like say, Christmas minus the commercialism. Or even – dare I say it – a biiiiig step back all the way to Judaism! light some candles for a Chanukah miracle, y’all!

  3. Liprap – I agree. OTOH what I’ve seen is Walmart trying to compensate by starting the Christmas merchandise and commercialism in early October. And frankly, by lengthening the season, I wonder if they’re really so diluting Christmas as to make it meaningless.

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