DiscApp ID # 206964
Article ID # 434281
Author Anonymous
Email
IP 24.91.53.243
Date Tue Feb 23, 2010 19:16:48
Subject Consumer confidence in death spiral

The effect of Bama's constant negative attacks on bidness and his job killing programs is havin the expected effect on consumers...they ain't consuming. Coulpe this report with record high unemployment,why does the WH moron continue to pursue his job killing healthcare bill?

Dismal consumer confidence helps sink stocks
Index plunges in Feb. report, dampening hopes of recovery led by spending


updated 1 hour, 10 minutes ago
NEW YORK - The stock market fell sharply Tuesday after a surprising drop in consumer confidence reminded investors of the fragility of the economic recovery.

The Dow Jones industrials fell 100 points. Interest rates also fell in the bond market as investors moved money out of stocks and into the safety of Treasurys.

The Conference Board said its consumer confidence index fell to 46 in February from 56.5 last month. That was well below the forecast of economists polled by Thomson Reuters. They expected a reading of 55.