Unexpected: Consumer Confidence Plummets

Posted by on Aug 28, 2012 at 1:46 pm
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The only people who finds bad economic news unexpected are Obama’s media fluffers.

U.S. consumer confidence unexpectedly weakened in August to its lowest in nine months as Americans turned more pessimistic about the short-term outlook, according to a private sector report released on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes fell to 60.6 from a downwardly revised 65.4 the month before. Economists had expected an increase to 66, according to a Reuters poll.

That’s a significant drop, even moreso when when you consider the “experts” expected an increase. What on earth is there to indicate that consumer confidence would increase? Have these people pumped gas any time recently? Gone food shopping? Bought anything?

2 Responses to “Unexpected: Consumer Confidence Plummets”

  1. Blue Hen on 28/28/12 at 2:59 pm

    So these idiots presumed that people would do the back to school shopping and be thrilled by what’s going on? That should be reason enough to give these clowns the hook.