Consumer Sentiment Drops to 2 Year Low
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 . . .
Source:
UMich Nov. consumer sentiment 75.0 vs 80.9 in Oct.
Ruth Mantell
MarketWatch, 10:04 AM ET Nov 9, 2007
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Bloomberg
http://www.bloomberg.com/apps/news?pid=20601109&sid=autmiIxgYAMU&
Friday, November 09, 2007 | 10:26 AM | Permalink
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ha! Larry David def caused all this.
Posted by: UrbanDigs | Nov 9, 2007 10:37:56 AM
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