Welcome to PatsFans.com

a twenty six year low how can we stand it

Discussion in 'Political Discussion' started by reflexblue, Apr 25, 2008.

  1. reflexblue

    reflexblue PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Aug 11, 2006
    Messages:
    17,265
    Likes Received:
    28
    Ratings:
    +58 / 3 / -0

    #91 Jersey

    Stocks fell Friday on the news of a 25+ year low in consumer confidence. And I thought I read that it was so high according to Fog Buster. How things change in just a few months,or have they? :rolleyes:

    http://news.yahoo.com/s/ap/20080425/ap_on_bi_st_ma_re/wall_street&print
    Stocks off on consumer survey, earnings and inflation

    By TIM PARADIS, AP Business Writer 19 minutes ago

    NEW YORK - An early advance fizzled on Wall Street Friday after a consumer sentiment reading fell to its lowest level in more than 25 years and a disappointing forecast from Microsoft Corp. weighed on technology issues. A spike in oil prices put further pressure on stocks
    ADVERTISEMENT

    The Reuters/University of Michigan consumer sentiment index came in at 62.6 for April, down from 69.5 a month earlier — and the lowest reading since the early 1980s — as Americans contended with rising energy and food prices. Consumers' flagging mood is worrisome for Wall Street because consumer spending accounts for about 70 percent of U.S. economic activity.........
    Last edited: Apr 25, 2008
  2. apple strudel

    apple strudel Banned

    Joined:
    Mar 15, 2008
    Messages:
    5,894
    Likes Received:
    7
    Ratings:
    +7 / 0 / -0

    Historically low consumer confidence, pending (if not extant) recession, a never ending war wasting billions (trillions?) of dollars, historically low presidential approval ratings.

    All those people who pointed out that everything W touches turns to **** in 2000 were absolutely correct. And that doesn't matter what side you're on any more. The only beneficiaries of this presidency are the defense industry, the energy industry, the insurance industry, and pharma.

Share This Page

unset ($sidebar_block_show); ?>