Consumer Confidence dropped 20% in a month, and New Housing sales dropped also. Consumer sales and sales of new homes have been the only thing keeping the economy in positive territory. Kevin Drum.
Consumer confidence may be hurricane related, and probably also reflects the sharp increase in gasoline prices. The reduction in new home sales may reflect the same factors mixed with all the discussion of the Housing Bubble.
This isn't a trend.
Yet.
No comments:
Post a Comment