Consumer Confidence In Trouble, But Come To Think Of It….So Is The Consumer
thestatedtruth.com | August 30, 2011
Ugh….this should come as no surprise! The consumer makes up over 70% of the economy. August consumer confidence fell from 59.2 to 44.2 … below the consensus of 52, and dropping to its lowest level since April 2009. Even uglier is the 6 month outlook which fell from 74.9 to 51.9.