Bloomberg Comfort Index Shows Economic Expectations Lowest Since March 2009.
While this was surveyed before the earth-changing discussions last night, Bloomberg's Consumer Comfort Index hits its lowest level in over a month. We have pointed to the stable and low levels of consumer confidence/sentiment/comfort many times recently but today also sees expectations (a much more powerful indicator of potential spending) drop to its lowest since March 2009 and the current state of the economy at its lowest since Feb09 (which was the only print EVER lower than current). Of course the man-in-the-street will be overjoyed at the efforts of the EU and this will jump to meteoric levels next week - or perhaps it won't?
And while expectations are extremely weak, the current state of the economy has only been perceived worse once, and that was Feb 09.
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