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Waning stimulus hits consumer spending
JICWyllie
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0
10-31-2009 1:44 PM
29 views
tags:
1-confidence
,
2-decrease
,
3-reported
,
4-us
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5e8365d0-d2e8-4173-8df5-7a8cd9773d73/15ED46D8-0444-4350-89B3-0817C43DEBBF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/bc09d8e6-c54d-11de-8193-00144feab49a.html" href="http://www.ft.com/cms/s/0/bc09d8e6-c54d-11de-8193-00144feab49a.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/bc09d8e6-c54d-11de-8193-00144feab49a.html"><P>Economists are anxious to see if consumers, who have been feeling <A href="http://www.ft.com/cms/s/0/3c39ddf6-c362-11de-8eca-00144feab49a.html" title="Financial Times - US consumer confidence falls sharply" class="bodystrong">less optimistic</A> in spite of the rebound in economic activity, will be able to sustain spending “organically” without federal support.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/bc09d8e6-c54d-11de-8193-00144feab49a.html"><P>Separately, on Friday, the Reuters/University of Michigan consumer survey revealed that confidence slipped in October due to persistent fears that unemployment is unlikely to subside in the near future. The index fell from 73.5 in September to 70.6 this month but was revised up from its preliminary reading earlier this month.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/bc09d8e6-c54d-11de-8193-00144feab49a.html"><P>“While off the lows that were recorded when panic and paralysis were the order of the day, this measure of consumer sentiment nonetheless remains severely depressed,” said Joshua Shapiro, chief US economist at MFR.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/15ED46D8-0444-4350-89B3-0817C43DEBBF/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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