Consumer Index Indicates That We Have A Rough Road Ahead Of Us, But What’s New?
It’s the end of the month and the end of yet another year. Am I the only one asking where it went?
According to the latest consumer report data just published, I might very well be the only person concentrating on such trivial matters. Everybody else seems to be mired in doom and gloom this December.
Of course there’s some strong reason for that. December hasn’t been brutal to the average American citizen, but it hasn’t been kind either. More companies have laid-off employees and cut production rates, causing speculation about how 2009 unemployment rates will look.
And with yesterday’s headlines about the recession lasting through third quarter ‘09 dominating the news, it’s no wonder that people are down and out.
If anybody was actually expecting public sentiment to change, than I’d like to see their reasoning why. Sure, it went up in November, but that was when many U.S. citizens were feeling particularly ecstatic about the new president elect. But the larger populace has proven fickle before, so it’s no big surprise that it can’t keep an opinion for more than a month this time around.
We’ll have to see whether the new year brings any boost of confidence or not.
Tuesday, January 30, 2009 - by Jeannette Di Louie, Assistant Editor of Mt. Vernon Research
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