"Consumer confidence tumbles, home prices stagnate" goes the headline on a Reuters article. It continues "Consumer confidence unexpectedly dropped to its lowest level in two-and-a-half years in October, while house prices were unchanged at low levels in August, suggesting the consumer is still struggling".
The lack of depth never ceases to amaze me that Washington types display when writing these articles. Really, was this unexpected? Where did you go to get your information for the article, or is it something you just assumed?
The economy has been going south steadily, for almost 5 years now, you think it might be wearing thin with the consumer?
Not only is he/she faced with the prospect of losing a job, losing hours, if already unemployed, there's the prospect they may be losing that. In addition to those gloomy prospects, they are already feeling the pinch of inflation, no matter how Washington screws with the numbers to make it look better.
They just got finished putting their kids back in school, Christmas is waiting in the wings, high heating bills are coming, yada, yada, yada.
Out here in corn country ms. reporter we call that a double whammy! And you are surprised at the unexpected drop in confidence?
When we get rid of the lousy leaders we now have in Washington, maybe the gloom will be lifted, assuming we get someone in there who actually gets something positive accomplished.
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DonSabelhaus.com
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The lack of depth never ceases to amaze me that Washington types display when writing these articles. Really, was this unexpected? Where did you go to get your information for the article, or is it something you just assumed?
The economy has been going south steadily, for almost 5 years now, you think it might be wearing thin with the consumer?
Not only is he/she faced with the prospect of losing a job, losing hours, if already unemployed, there's the prospect they may be losing that. In addition to those gloomy prospects, they are already feeling the pinch of inflation, no matter how Washington screws with the numbers to make it look better.
They just got finished putting their kids back in school, Christmas is waiting in the wings, high heating bills are coming, yada, yada, yada.
Out here in corn country ms. reporter we call that a double whammy! And you are surprised at the unexpected drop in confidence?
When we get rid of the lousy leaders we now have in Washington, maybe the gloom will be lifted, assuming we get someone in there who actually gets something positive accomplished.
Resources:
--------------------------------------------------------------------------------------------------------------
The Article
Retirement Income
Like Me on Facebook
Follow Me on Twitter
DonSabelhaus.com
--------------------------------------------------------------------------------------------------------------
