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US economy fears as consumer confidence plunges
Posted By admin On September 18, 2010 @ 5:22 am In Money Watch | Comments Disabled
London Telegraph 
Sept 18, 2010
American consumers do not expect to be feeling any more confident in six months’ time, a widely-watched index revealed today, underlining the hurdles facing a recovery in the world’s biggest economy.
The Thomson Reuters/University of Michigan index of consumers’ future confidence fell this month to the lowest level since March 2009, when the shadow of the financial crisis hung heavily over the whole economy. Current confidence was little better, with the index dropping to 66.6 in September from 68.9 in August.
After an almost relentless stream of weak data over the summer, investors and analysts are desperately trying to gauge on the most likely path for the economy. While billionaire investor Warren Buffett has ruled out a double-dip recession, others are less sanguine.
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URLs in this post:
 London Telegraph: http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8010022/US-economy-fears-as-consumer-confidence-plunges.html
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 U.S. Economy: Consumer Confidence In Record Slump: http://www.prisonplanet.com/us-economy-consumer-confidence-in-record-slump.html
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 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
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