Consumer Comfort Index And State Of The Economy Almost Record Lows
Bloomberg's consumer comfort index once again confirms what so many know, despite the day to day 3-4% swings in equity markets, that broad-based sentiment is desperately weak. Retail metrics also confirmed retail sales starting to disappoint - as perhaps burning through savings is starting to reach its tipping point - and so perhaps all those charts we have been so vociferous about pointing to the disconnect between spending/growth and sentiment will converge sooner than many suspect. Specifically the State of the Economy index is only fractionally above its record lows from Feb09 - about as bad as it can get!!
- advertisements -