The Conference Board details:
Says Lynn Franco, Director of The Conference Board Consumer Research Center: "Consumers' assessment of present-day conditions has grown less favorable, with labor market conditions playing a major role in this grimmer assessment. In fact, the Present Situation Index is now at its lowest reading in 26 years (Index 17.5, Feb. 1983). The short-term outlook has also grown more negative, as a greater proportion of consumers anticipate business and labor market conditions will worsen in the months ahead. Consumers also remain quite pessimistic about their future earnings, a sentiment that will likely constrain spending during the holidays."
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0m2zFkkCP9BDiUHlrEG1VPrRHP8GfPcqJkXnpJA9qWQpZbEvNKDuBLEBF6BoV0UhP6sr1LEELVSMd0ZSVhP7iBVJTLWtLMI35O4vOoMgdMFWyroRN8U7FpWVxbaoHPw7sQV_akV-8VQ/s400/cc3.png)
Source: Conference Board
Great post as usual, great way to view the data. I was looking at the information yesterday and posted my thoughts on what that means as well...
ReplyDeletehttp://joshuamaher.com/2009/10/27/the-bear-market-cometh/