My comment: As expected we are already in the risky side. Peace and best wishes.
Xi Obama Pressed to Use Nationwide Talk to Spark Hope on Economy http://www.bloomberg.com/apps/news?pid=20601087&sid=a0DL0uM2K2fo&refer=home On Feb 24, 4:03 pm, xi <[email protected]> wrote: > http://www.conference-board.org/economics/ConsumerConfidence.cfm > > The Conference Board Consumer Confidence Index™, which had decreased > moderately in January, declined in February, reaching yet another all- > time low. The Index now stands at 25.0 (1985=100), down from 37.4 in > January. The Present Situation Index declined to 21.2 from 29.7 last > month. The Expectations Index decreased to 27.5 from 42.5 in January. > > The Consumer Confidence Survey™ is based on a representative sample of > 5,000 U.S. households. The monthly survey is conducted for The > Conference Board by TNS. TNS is the world's largest custom research > company. The cutoff date for February's preliminary results was > February 18th. > > Says Lynn Franco, Director of The Conference Board Consumer Research > Center: "The Consumer Confidence Index™, which was relatively flat in > January, reached yet another all-time low in February (Index began in > 1967). The decline in the Present Situation Index, driven by worsening > business conditions and a rapidly deteriorating job market, suggests > that overall economic conditions have weakened even further this > quarter. Looking ahead, increasing concerns about business conditions, > employment and earnings have further sapped confidence and driven > expectations to their lowest level ever. In addition, inflation > expectations, which had been easing over the past several months, have > moderately picked up. All in all, not only do consumers feel overall > economic conditions have grown more dire, but just as disconcerting, > they anticipate no improvement in conditions over the next six > months." > > Consumers' appraisal of overall current conditions, which was already > bleak, worsened further. Those claiming business conditions are "bad" > rose to 51.1 percent from 47.9 percent, while those saying business > conditions are "good" edged up to 6.8 percent from 6.5 percent last > month. Consumers' assessment of the labor market turned considerably > more pessimistic in February. Those saying jobs are "hard to get" > increased to 47.8 percent from 41.1 percent in January, while those > stating jobs are "plentiful" fell to 4.4 percent from 7.1 percent. > > Consumers' short-term outlook turned significantly more negative this > month. Consumers anticipating business conditions will worsen over the > next six months increased to 40.5 percent from 31.1 percent, while > those expecting conditions to improve declined to 8.7 percent from > 12.8 percent in January. > > The employment outlook was also much grimmer. The percentage of > consumers expecting fewer jobs in the months ahead increased to 47.3 > percent from 36.9 percent, while those expecting more jobs declined to > 7.1 percent from 9.1 percent. The proportion of consumers expecting an > increase in their incomes declined to 7.6 percent from 10.3 percent. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
