The reaction to this data in the past would have been much more positive. These days only bad news is carrying weight.
The reaction to this data in the past would have been much more positive. These days only bad news is carrying weight.
The fact that we can lower living costs at a time when output and income are recovering should be considered fantastic news.
Seeing a two-year low in confidence in the wake of Hurricane Katrina isn't that surprising. The news in the month of September has been terrible. The television coverage and the emotional impact of the story has a big effect on confidence in the short run. But spending has been inconsistent with these confidence numbers.
This is a fairly big negative, correlated to other unfortunate news, like weak financial markets, which have their own impact, ... So far it still looks like the economy is growing, but below trend.
© 2020 Inspirational Stories
© 2020 Inspirational Stories