Friday, November 13, 2009

Consumer Confidence Sours Again

I just wish this whole healthcare debate goes away so that people can focus on creating jobs by cutting payroll taxes. These terrible confidence numbers should be bad for retail and the economy as a whole in any case.

The Reuters/University of Michigan Surveys of Consumers said its preliminary index of sentiment for November fell to 66.0, the lowest since August, from 70.6 in October.

This was well below economists' median expectation of a reading of 71.0, according to a Reuters poll.

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