Wikinvest Wire

A closer look at consumer confidence

Wednesday, February 24, 2010

In this item from yesterday, Jake over at ECONOMPICDATA breaks down yesterday's sharp decline in consumer confidence as reported by the Conference Board.
IMAGE Recall that the Present Situations Index fell to its lowest level since 1983 and the Expectations Index dropped more than 13 points to 63.8, far short of the levels typically associated with economic recoveries. Looking at the chart, you'd think that the Jobs are Plentiful Index must also be at or near record lows - it registered only 3.6.

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2 comments:

Hal (GT) said...

Nice graph. I'm looking at this report and trying to factor in the this news I read this morning:

Underwater Mortgages Hit 11.3 Million.

I'm wondering if we aren't headed for that double dip?

Tim said...

Odds of a double-dip are increasing by the day...

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