Consumer Confidence Drops
“A widely watched survey by the private Conference Board, which dates back decades, plunged to its lowest point on record in October as Americans complained about fewer jobs and smaller incomes and ratcheted back plans for major purchases like cars and appliances. Americans also say they believe the economy will worsen before it improves — a sign of deep pessimism that reflects a year of painful declines in stocks, jobs and home values. ” [Link]
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