Wednesday, October 9

US confidence index falls

Americans' confidence in the economy has deteriorated more in the past week during the partial government shutdown than in any week since Lehman Brothers collapsed on Sept. 15, 2008, which triggered a global economic crisis. Gallup's Economic Confidence Index tumbled 12 points to -34 last week, the second-largest weekly decline since Gallup began tracking economic confidence daily in January 2008.”


susan said...

Not a good situation.

Lindsay Byrnes said...

Hi Susan
With the crisis over it’s now a wait until February to possibly again experience this idiocy.

But hopefully the Congress, before then,can agree on a sensible arrangement/agreement to the debt ceiling and ensure a future stalemate is averted.

In the meantime the economy continues to expand at a moderate pace. But not much comfort to the increasing number unable to survive on low wages or who are unemployed.
Those in receipt of food stamps now numbering 48 million, an expansion of 30% over the past two terms.
Best wishes