Consumer Sentiment Drops to 2 Year Low

Friday, November 09, 2007 | 10:26 AM

Consumer sentiment continued to slide in November, University of Michigan/Reuters survey. The November consumer sentiment index was 75.0 -- the lowest level since October 2005 -- and is a slide from October's 80.9. (consensus was 79.5).

My best guess as to the cause of the low sentiment readings was a lethal combination of depressed Yankee fans, suicidal Home Builders, Fox' cancellation of this season's 24, and Larry David.

I was originally going to suggest that $97 Oil and higher food prices were at the root cause of this, but since there is obviously no inflation, it must be something else . . .



Consumer_sent_1109


Source:
UMich Nov. consumer sentiment 75.0 vs 80.9 in Oct.
Ruth Mantell
MarketWatch, 10:04 AM ET Nov 9, 2007

Investors Shred Bernanke's Outlook, Bet on Rate Cut    
Bloomberg
http://www.bloomberg.com/apps/news?pid=20601109&sid=autmiIxgYAMU&

Friday, November 09, 2007 | 10:26 AM | Permalink | Comments (29) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00e54f920d638834

Listed below are links to weblogs that reference Consumer Sentiment Drops to 2 Year Low:

Comments

ha! Larry David def caused all this.

Posted by: UrbanDigs | Nov 9, 2007 10:37:56 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner