Consumer Comfidence Drops Like a Stone

Written by Gary North on May 30, 2012

Consumers finally have figured out that the U.S. economy is getting ready to turn down. Confidence fell sharply and unexpectedly in May. The Conference Board’s index fell from 68.7 in April to 64.9 in May. Economists had predicted a rise. Instead, confidence fell to a five-month low. There was no warning. It caught forecasters flat-footed. […]

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