Consumer confidence hits 16-year low in May »
Posted By STONERS 4 months, 2 weeks ago in NewsU.S. consumer confidence plunged unexpectedly to its lowest in 16 years in May as rising gasoline costs and falling home prices made Americans nervous about the future.
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STONERS4 months, 2 weeks ago
"The pain was felt across the board, with consumers worried about both what is happening now and what might be to come. The present situation index dropped to 74.4 from 81.9, while the expectations barometer dived to 45.7 from 50.0."
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texangelwings4 months, 2 weeks ago
They don't get it, it has nothing to do with "consumer confidence"! It is, having to spend more of a persons income on gasoline and food, instead of spending that extra money on other things!
Thank you STONERS!
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