Thursday, May 10, 2012

Consumer Comfort Plummets Most Since Feb 2008 As Personal Finance Confidence Crashes

largest collapse in consumer comfort in over 3 years and has fallen to 3-month lows. Digging into the detail is even more worrisome as in the last 3 weeks the comfort with personal finances has fallen by the most ever and back to six-month lows. The lower pane shows the percentage change in Bloomberg's Consumer Comfort (a drop on a negative number there BBG's chart assigns it a positive) - which has not fallen this much since Feb 2008!
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