Posted on 09/16/2011 9:25:13 AM PDT by Nachum
Consumer sentiment inched up in early September, but Americans remained gloomy about the future with a gauge of expectations falling to the lowest level since 1980, a survey released Friday showed.
Getty Images The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment edged up to 57.8 from 55.7 the month before, which had been the lowest level since November 2008. It topped the median forecast of 56.5 among economists polled by Reuters.
"Overall, the data indicate that a renewed downturn in consumer spending is as likely as not in the year ahead," survey director Richard Curtin said in a statement.
"Even without a downturn, consumer spending will not be strong enough to enable the rapid job growth that is needed to offset reduced long-term expectations."
(Excerpt) Read more at cnbc.com ...
The list, ping
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Carter is so happy that Obama came around
Hope?! HOPE?!
Hope is for suckers.
Hope?! HOPE?!
Hope is for suckers.
I like that. Very clever. May I use that on my post it note protests.
and we all know what happened in 1980...
I feel dems will make massive damaging short term choices that will have the economy humming for the election - then it’ll crash ... They don’t care - as long as they can keep power.
Jimmuh re-run, and it will be worse in 2012.
They would like to, but it’s too late for that.
Hopium hangover
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