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Post by jeffolie on Nov 21, 2007 9:59:35 GMT -6
Consumer's Mood Is Worst In Two Years U.S. consumer sentiment fell in November to its lowest in two years as Americans fretted over mounting job losses and rising prices of basic goods and services, a survey released Wednesday showed. The Reuters/University of Michigan Surveys of Consumers said its final November figure on consumer sentiment was 76.1, above the median forecast in a Reuters poll of 75.0 but well below the final October reading of 80.9. www.cnbc.com/id/21914904
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Post by unlawflcombatnt on Nov 22, 2007 7:20:58 GMT -6
Leading Indicators came in at -0.5%, below the -0.3% forecasted. Last month's original +0.3% was revised downward to +0.1%. Most of the loss came from Manufacturing and Consumer Order declines. In the last 3 months, Leading Indicators have declined -1.4%. The criteria for a Recession warning include a 6-month decline of over -1.0%, and 3 consecutive months of declines. A 3-month decline of -1.4% seems pretty close. Below are 2 graphs showing the downward trend. The "good news" is that--except for the Housing Recession, Construction Decline, Credit Crunch, Manufacturing Recession, sinking dollar, and consumer decline--the economy is doing pretty well.
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Post by jeffolie on Nov 22, 2007 12:16:09 GMT -6
Great charts, thanks.
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