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Old 06-30-2009, 09:35 AM
 
Location: Chicagoland
41,314 posts, read 39,610,381 times
Reputation: 7107

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Consumer confidence falls in June - Jun. 30, 2009

Quote:
NEW YORK (Reuters) -- Consumer confidence fell unexpectedly in June after two straight months of gains as Americans' optimism over business and job conditions weakened.

The Conference Board, an industry group, said Tuesday its index of consumer attitudes dropped to 49.3 this month from a downwardly revised 54.8 in May. Markets were expecting a reading of 55.0 for June.

"Following the upward revision to the University of Michigan Consumer Confidence survey, the decline in the Conference Board's Consumer Sentiment report was a big shocker," said Kathy Lien, director of FX strategy at GFT in New York.
As obama and the dems trot out their plans for America, I expect it will fall even more.
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Old 06-30-2009, 09:36 AM
 
Location: Great State of Texas
86,093 posts, read 72,544,616 times
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We need more green shoots. Say how are those other green shoots doing ?
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Old 06-30-2009, 09:40 AM
 
Location: South Fla
9,644 posts, read 8,616,412 times
Reputation: 1942
Maybe when I get my Obama bucks or my free gas car from the gov or they make my house payment. I can help spend. lol
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Old 06-30-2009, 09:41 AM
 
Location: Home, Home on the Front Range
22,897 posts, read 16,285,339 times
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Funny, how come you didn't post the gains in April and May?

Only happy with bad news. How sad.
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Old 06-30-2009, 09:44 AM
 
Location: Great State of Texas
86,093 posts, read 72,544,616 times
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Quote:
Originally Posted by TigerLily24 View Post
Funny, how come you didn't post the gains in April and May?

Only happy with bad news. How sad.
Gains..but not sustained so not a recovery as predicted by the same folks who "never saw it coming".
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Old 06-30-2009, 09:46 AM
 
Location: Unperson Everyman Land
30,474 posts, read 20,119,330 times
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Quote:
Originally Posted by TigerLily24 View Post
Funny, how come you didn't post the gains in April and May?

Only happy with bad news. How sad.

I wish I had a pretax nickle for every time I heard a liberal say the bad news is Bush's fault, or BO has only had a few months to fix eight years of Bush's mistakes. So now we're intested in what transpired early on and dismiss the new information. How convenient is that?
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Old 06-30-2009, 09:49 AM
 
420 posts, read 319,994 times
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I am perfectly alright. I can't spend enough without more paper rolling in.
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Old 06-30-2009, 10:11 AM
 
Location: Unperson Everyman Land
30,474 posts, read 20,119,330 times
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Quote:
Originally Posted by sanrene View Post
Consumer confidence falls in June - Jun. 30, 2009



As obama and the dems trot out their plans for America, I expect it will fall even more.


That's odd because BO was supposed to fix the economy.

Consumer confidence falls in June-sentiment.gif

Humm, looks like consumer confidence was highest during the Republican Revolution years from 1995 to 2000.
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Old 06-30-2009, 10:23 AM
 
Location: Gone
25,235 posts, read 14,059,397 times
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Quote:
Originally Posted by sanrene View Post
Consumer confidence falls in June - Jun. 30, 2009



As obama and the dems trot out their plans for America, I expect it will fall even more.
As long as we have a bunch that keep running around preaching gloom and doom there will be people that are not confident to spend their money. The economy s a down at the moment, as it improves, and it is slowly, people will relax and spend more, simple as that.
Casper
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Old 06-30-2009, 10:25 AM
 
5,165 posts, read 5,328,947 times
Reputation: 1067
Quote:
Originally Posted by Casper in Dallas View Post
As long as we have a bunch that keep running around preaching gloom and doom there will be people that are not confident to spend their money. The economy s a down at the moment, as it improves, and it is slowly, people will relax and spend more, simple as that.
Casper
$13 Trillion in household wealth has been lost in the last 2 years.
Consumers will not be spending like its 1994 for a long time.

http://www.marketwatch.com/story/hou...r-200961112100

Last edited by cleanhouse; 06-30-2009 at 10:26 AM.. Reason: add link
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