Tuesday, February 9, 2010
U.S. Consumer Confidence Falls
This particular index is now 1.7 points below its 12month average of 48.5 and only 2.4 points above its reading in Dec. 2007 (44.4) when the recession began.
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This is obviously a big problem in our economy that desperately needs to see signs of a recovery. the problem with the low consumer confidence we have now is that we are already trying to increase these rates by having historically low interest rates. so if we want to increase consumer confidence we need to think in new ways.
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