Data Point – Consumer confidence crashing

by
Skip

cotd-gallup-economic-confidence-1“It’s bad news when Americans lose confidence in the economy. When confidence deteriorates, consumers become worried about their jobs and their paychecks, which in turn makes them want to spend less. And considering that personal consumption accounts for 68% of gross domestic product, the consequences can be huge. During the week ending Sunday, Gallup’s US Economic Confidence Index fell to -9, the lowest level since December.”

(H/T: Business Insider)

Author

  • Skip

    Co-founder of GraniteGrok, my concern is around Individual Liberty and Freedom and how the Government is taking that away. As an evangelical Christian and Conservative with small "L" libertarian leanings, my fight is with Progressives forcing a collectivized, secular humanistic future upon us. As a TEA Party activist, citizen journalist, and pundit!, my goal is to use the New Media to advance the radical notions of America's Founders back into our culture.

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