All Posts Tagged With: "consumer confidence"
Uncertainty Escalates as Tomorrow’s Presidential Election Looms
Come Wednesday morning – after the presidential election tomorrow (Tuesday) – the United States will have a new commander-in-chief. The president-elect will face some significant challenges: A weak economy (okay, a recession, given last week’s gross domestic product (GDP) report,…
3Nov2008 | Money Morning | 0 comments | ContinuedSlowdown in Consumer Spending Could Lead to Recession by Year-End
Consumer spending, responsible for the bulk of U.S. gross domestic product (GDP), slowed in July as the effects of the government’s stimulus package tapered off.
The Commerce Department announced that consumer spending grew at a 0.2% rate in July. But on…
1Sep2008 | Money Morning | 0 comments | ContinuedConsumer Confidence
Confidence Game
Cruising along at 30,000 feet, you peer out the window. Nothing to see here. Just limitless pale blue sky and the glare of the all-too-close sun hitting your eyes. The in-flight movie is silently playing out in front of…
18Aug2008 | Whiskey and Gunpowder | 0 comments | ContinuedGlobal Investing Roundups
Another Coal Merger; Pickens Denounces Yahoo; Possible UK/Spain Airline Merger; Alcatel-Lucent Ousts Top Brass; Consumer Confidence Climbs from 10-Year Low; Home Prices Continue Collapse; Northrop Grumman Sees Second Quarter Profit Soar; U.S. Steel’s Ironclad Earnings
-Teck Cominco Ltd. (TCK) yesterday (Tuesday) announced…
30Jul2008 | Money Morning | 0 comments | ContinuedHome Prices and Consumer Confidence Traverse Record Lows
Another fresh round of economic data was released yesterday (Tuesday) with the prognosis looking dire for the U.S. economy.
Home prices as measured by the S&P/Case Shiller composite index of 20 metro areas fell 1.4% in April from March and slumped…
25Jun2008 | Money Morning | 0 comments | ContinuedWeak Consumer Spending, Record-Low Consumer Confidence Spell Bad News for the U.S. Economy
Consumer spending - the driving force behind the U.S. economy - slowed in April.
Soaring prices wiped out any benefit from the scant 0.2% increase in consumer spending in April, the Commerce Department announced. After adjustment for inflation, consumer spending was…
2Jun2008 | Money Morning | 0 comments | ContinuedConsumer Sentiment at Lowest Level Since Stagflation Era
Mirroring the stagflation of the early 1980s, consumer sentiment hit its lowest level since that time period this month as short-term inflation continues to ramp up.
The Reuters/University of Michigan preliminary index of consumer sentiment dropped to 59.5 in May from 62.6…
19May2008 | Money Morning | 0 comments | Continued
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