biz.yahoo.com - 12/30/2008
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NEW YORK (AP) -- Consumer confidence hit an all-time low in December, dropping further in the face of rising layoffs, in yet another sign that consumer spending is unlikely to pull the U.S. out of a yearlong recession any time soon. Consumers have been nervous about spending for months -- ...
marketnewslive.blogspot.com - 12/31/2008
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marketnewslive.blogspot.com —
Here are the top AP money stories for
December 30th: Consumer confidence at lowest-ever level; Home prices...
drop to record low; Treasury gives $5 billion to GMAC; Airbus meets key goal.
(more)
Video - AP Money: Consumer Confidence Craters
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consumer confidence record low
Decline and Fall of Western Civilization —
via associated press. there is a glimmer of hope here. from october: when future expectations brighten and start to outpoll current conditions, the groundwork is being laid for a recovery. the differential of future expectations less present situation is +14 with the december report. this could be indicating a nearby low point in consumer psychology.
Midday Market Update: Housing Market, ETFs in Holding Pattern
ETF Trends —
... declines. As prices keep falling at a steady pace since January 2007, the evidence is solid that the housing market is a far cry from a recovery. Real Estate ETFs December was the last ray of hope for retailers, but as the holiday shopping season draws to a close, the fact is that consumer confidence has dropped to all-time lows. Blame more job losses and the housing market’s continuing disarray. Job insecurity and falling asset values have put fear into consumers, and rightfully so. Ellen Simon for Associated Press reports that the Conference Board’s Consumer Confidence ...
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