US Consumer Confidence Retrenching To Its Lows

08/13/08 09:48AM EDT
This morning's weekly ABC/Washington Post Consumer confidence reading came in lighter again (week over week) for the 2nd consecutive week. At -50, the reading is revisiting it’s all time lows.

What's most interesting about this retrenchment is that it is occurring in the face of declining gas prices and a "Trade" up in the US stock market.

When people on Main Street are losing their jobs, at an accelerating pace, maybe that trumps Wall Street's perpetually bullish narrative.
KM
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