"Job losses push June consumer confidence down" by Anne D’Innocenzio, Associated Press | July 1, 2009
NEW YORK - Mounting job losses and other economic realities caught up with Americans in June, pushing down a key barometer of consumer sentiment after a streak of gains built on glimmers of hope.
That's what happens to fart mist: it dissipates!
Some economists say the reality check offered by yesterday’s report from the New York-based Conference Board may not augur well for spending in the critical months ahead.... The drop coincided with mixed messages in the housing market.
Same messages I get in my "news"paper!
A report from the Treasury Department showing foreclosures jumped in the first quarter compared with 2008’s fourth quarter. But a key housing price index showed price declines moderating.
Job security - a key factor in shoppers’ willingness and ability to spend - continued to plague consumers surveyed by the Conference Board.
What, Wall Street worried? F*** them!!!!
And the Labor Department, which reports June’s job data tomorrow, is expected to show unemployment climbed.
How much you wanna bet they will report unemployment dropped?
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“Consumers are making a more somber and accurate assessment of the economy and their own financial position,’’ said Mark Vitner, senior economist at Wachovia. “Consumers may be thinking less bad is not good enough.’’
Translation: WE AIN'T BUYIN' the LYING S*** SHOVEL of the agenda-pushing AmeriKan MSM!
Because consumer spending accounts for more than two-thirds of economic activity in the United States, economists and investors watch it closely....
F*** YOU and your PROFITS!
Consumer sentiment has risen markedly from its new historic low of 25.3 in February. But confidence is still well below what’s considered healthy.... In May, the figure zoomed 14 points past economists’ expectations to its highest level since September.....
So say the agenda-pushing fart-misters of the AmeriKan press!!!!
The rise this spring didn’t translate into relief for merchants, however, and stores are aggressively discounting summer inventory to keep it moving, though sales declines have moderated in recent months....
So GET OUT THERE and SPEND MONEY you don't have so you can pay interest on the money you had to borrow!
