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Consumer Confidence Plunges To 39.8 From 45.4 On Expectations Of A Bump; Lowest Since March 2009
Posted By admin On October 25, 2011 @ 7:43 am In Money Watch | Comments Disabled
Zero Hedge 
October 25, 2011
So much for the US consumer confidencing [sic] his way up to buying houses and other stuff. even with 2000x leverage.
According to the Conference Board, October Consumer Confidence, plunged from a downward revised 45.4 to 39.8, the lowest since March 2009. The forecast looked for an increase to 46.0. Current conditions were even more horrendous, dropping to 26.3.
And with crude on its way back to $100 (thank you Dudley) and gas back to $4.00, this number is not going higher any time soon.
But wait, there’s more: the jobs plentiful dropped from 5.5 to 3.4, jobs hard to get also dropped from 50 to 46.1, and the cherry on top is that 1 Year inflation expectations are, well, anchored at 5.8% versus 5.7% previously.
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URLs in this post:
 Zero Hedge: http://www.zerohedge.com/news/consumer-confidence-plunges-398-454-expectations-bump-lowest-march-2009
 Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/10/Oct%20Conf.jpg
 Consumer Confidence Plunges To December 2011 Levels, Biggest Miss To Expectations In 7 Years: http://www.prisonplanet.com/consumer-confidence-plunges-to-december-2011-levels-biggest-miss-to-expectations-in-7-years.html
 US economy fears as consumer confidence plunges: http://www.prisonplanet.com/us-economy-fears-as-consumer-confidence-plunges.html
 Consumer Confidence Hits Lowest Level of Year: http://www.prisonplanet.com/consumer-confidence-hits-lowest-level-of-year.html
 Consumer Confidence Collapses Massively In June: http://www.prisonplanet.com/consumer-confidence-collapses-massively-in-june.html
 U.S. Economy: Consumer Confidence In Record Slump: http://www.prisonplanet.com/us-economy-consumer-confidence-in-record-slump.html
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