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Consumer Confidence Is Now Lower Than During All Recent Financial Crises And Tragedies

Posted By admin On June 2, 2011 @ 3:59 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
June 2, 2011

One chart stands out in today’s Breakfast with Rosie: the comparison of yesterday’s surprisingly weak Consumer Confidence number with comparable prints taken at financial crises and tragedies of the past such as the October 1987 markets crash, Desert Storm, LTCM, the dot com collapse, September 11, Katrina, and Lehman. No surprise: yesterday’s was the lowest. And as a reminder, the president’s reelection campaign kicks into higher gear in a few months…against the backdrop of the most unhappy popular sentiment in recent years. Just how do QE 3 skeptics believe he will succeed, when still faced with consumer confidence that two years into the “recovery” is lower than during any other previous economic “expansion”, even as congress is about to unleash the most brutal wave of fiscal consolidation (aka austerity) in recent American history.

Consumer Confidence Is Now Lower Than During All Recent Financial Crises And Tragedies  Confidence%20Surprse 0 [2]

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Consumer Confidence Is Now Lower Than During All Recent Financial Crises And Tragedies  260310banner2 [4]


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/consumer-confidence-now-lower-during-all-recent-financial-crises-and-tragedies

[2] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/images/Confidence%20Surprse.jpg

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] Image: http://purewaterfreedom.com/

[5] Consumer Confidence Collapses Massively In June: http://www.prisonplanet.com/consumer-confidence-collapses-massively-in-june.html

[6] Both Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low … That’s Not A Coincidence: http://www.prisonplanet.com/both-consumer-confidence-and-the-labor-participation-rate-are-at-a-30-year-low-thats-not-a-coincidence.html

[7] US economy fears as consumer confidence plunges: http://www.prisonplanet.com/us-economy-fears-as-consumer-confidence-plunges.html

[8] Consumer Confidence Plunges To 39.8 From 45.4 On Expectations Of A Bump; Lowest Since March 2009: http://www.prisonplanet.com/consumer-confidence-plunges-to-39-8-from-45-4-on-expectations-of-a-bump-lowest-since-march-2009.html

[9] U.S. Economy: Consumer Confidence In Record Slump: http://www.prisonplanet.com/us-economy-consumer-confidence-in-record-slump.html

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