Tuesday, April 29, 2008

Consumer confidence - 5-year low!


Now that US is facing the undesired and the fear of a long economical recession and after the tax rebates came sooner, it's normal that more and more people notice that something is far from being right here and that seems to be not that much to be done about that! Personally, I really understand why consumers are now with their confidence down and almost achieving historical values... It's all the same vicious circle that leads consumers to the general belief that they should really save their money for later occasions, provoking the loss of the retail sales percentages! Let's just wait and see if this doesn't turn even worse for US and the world in general...


Best regards