Friday :: Sep 9, 2005

Consumer Confidence Tumbles

by Steve

Consumer confidence is tumbling in the wake of Katrina and higher energy prices. That should knock down consumer spending in advance of what may be a lean holiday shopping season. Note the comments from Ken Mayland of ClearView Economics, who had previously been a cheerleader for this economy.

Go ahead Felonious Tom; bring on that back-door Social Security privatization grab. With consumer confidence numbers like these as a backdrop, that should just about kill off the GOP next year.

Steve :: 10:20 AM :: Comments (2) :: TrackBack (0) :: Digg It!