All Posts Tagged With: "consumer confidence index"

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March Consumer Confidence Index Decline Grim

The March Consumer Confidence Index makes for grim reading for those Bernanke cheerleaders who still think that Ben and the Fed can keep the economy from experiencing a recession. A recession that we are probably already in. Actually, it makes grim reading for anyone who is concerned about the future path of the American economy.

The Conference Board Consumer Confidence Index, as reported by the Confidence Board, which had declined sharply in February, fell further in March. The fall was all of 12 points which is like falling over a cliff.

The Index now stands at 64.5 (1985=100), down sharply from 76.4 in February. The Expectations Index declined to 47.9 from 58.0. The Present Situation Index decreased to 89.2 from 104.0 in February.

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25Mar2008 | taipan | 0 comments | Continued

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