DragonMasterAlex
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- Feb 3, 2001
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Originally posted by: conjur
US consumer confidence dives
http://afr.com/articles/2005/04/27/1114462068160.htmlNo wonder with the price of gas having skyrocketed (along with oil company profits.) Maybe people judge the price of gas too much when considering the shape of the economy but since tax refunds were being sent out over the last couple months and the CCI continued to drop, that doesn't bode all too well.US consumer confidence tumbled in April to the lowest level since last November, amid deepening concerns about the outlook for jobs and income growth, a survey showed.
The Conference Board's consumer confidence index for April sank to 97.7 from 103.0 in March. The figure was worse than the average Wall Street estimate of 98.0.
The reading has now slipped for three months running, from 105.1 in January.
Maybe, maybe not. All I can tell you for sure is that life will go on, as it always does. There are always slow times and there are always fast times, and each comes and goes in its turn.
Jason
