(Reuters) - U.S. consumer confidence took an unexpectedly steep slide in June, figures released on Tuesday showed, suggesting the 18-month-long recession had yet to loosen its grip on the economy.
A separate report on April house prices in major cities offered some encouraging signs that the worst of the housing slump may be over, but that was not enough to lift investors' spirits, while another crop of economic data showed business activity in New York City and the Midwest remained weak and retail chains slogged through a rough June.
Major stock market indexes turned lower after the Conference Board's consumer confidence index showed households felt gloomier about their current situation, and less optimistic about the eventual economic recovery.
The confidence index fell to 49.3 in June from 54.8 in May. Economists polled by Reuters had expected a healthier reading of 55.0 for this month.
I HAVE A SIMPLE QUESTION, ARE YOU BETTER OFF? ARE YOU BETTER OFF NOW THEN SIX MONTH AGO? ARE YOU READY FOR FOUR MORE YEARS OF FAILED POLICIES?
1 comment:
well the African American woman who claimed that by electing Barack Hussein Obama president she will not have to pay her mortgage no more! she probably is better off as she indeed is paying no mortgage as she probably lost her home by now! We need to track her down and get her pulse as to how she's doing these days!
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