Consumer confidence took another hit in March, falling to a five-year low, as more Americans expect business conditions and the job market to worsen in the coming months, The Conference Board reported today.
The Consumer Confidence Index dropped to 64.5 this month from a reading of 76.4 in February, with the Expectations Index component plummeting to its lowest level since December 1973. more…
Tags: Industry News · Inman Real Estate · Markets & Economy · business conditions · conference board · consumer confidence · economy · expectations · income · jobs · present situation
Re: ‘Forecast: Perfect storm of financial problems, but no recession‘ (March 11)
Dear Editor:
Most of the economists have been wrong every step of the way.
First they said that there would be very little housing downturn. Wrong!!!
Then they said it would not spill over into the financial sector. Wrong!
Then they said that people would still buy — so no recession. I think they are wrong again. more…
Tags: Industry News · Inman Only · Inman Real Estate · Markets & Economy · downturn · economist · housing · jobs
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