U.S. consumer confidence gauge falls (again) - report

[UpInArms]

http://today.reuters.com/investing/FinanceArticle.aspx?type=economicNews&storyID=URI:urn:newsml:reuters.com:20050920:MTFH40428_2005-09-20_21-17-31_N20415532:1

NEW YORK, Sept 20 (Reuters) - The confidence of American consumers fell again last week, weighed down by high gasoline prices and the destruction caused by Hurricane Katrina on the Gulf Coast, ABC News and the Washington Post said on Tuesday.

Their Consumer Comfort Index fell to -23 in the week ending Sept. 18 from -20 the prior week.

The index is a four-week moving average. Three of the four weeks in the most recent reading reflected the period following the hurricane.

All three components of the index fell in the latest week. The percentage of Americans with a positive view of the national economy fell to 30 percent from 32 percent.

The number of consumers with positive views of their personal finances dropped to 55 percent from 56 percent and the percentage of consumers who thought the buying climate was good was 31 percent, down from 32 percent a week ago.

...more...

[marmar]

1. Anyone get the feeling...

that Rome is burning?

:yoiks:

[rwheeler31]

2. The business community is greatly responsible for electing these

creeps. Anyone who has confidence in them at this point is a fool.

[Cobalt Violet]

3. And people wonder why some poor vote against their own interest.

I wonder why business does too.

[nookiemonster]

6. Blowing sunshine up their asses, ala Machiavelli.

It's sad.

:banghead:

[Erika]

4. These creeps are the ones still touting our "strong" economy

and singing "don't worry...be happy"

[TaleWgnDg]

5. well?

.



.

[gasperc]

7. wait till Rita does it's damage

and their is still over 8weeks of hurricane season so the east coast could take a fucking whack and the FED raised rates which was fucked in the head. they waited tooo long to start raising rates and now they can't raise them fast enough

[JNelson6563]

8. They should call it Consumer Discomfort index

for the sake of accuracy. ;-)