Friday, May 30, 2014

The Economy - Consumer Confidence and Spending

Consumer confidence fell more than expected for May. Consumer spending is also down a bit for May. Add this to the revision of the GDP and we have a negative trend beginning to appear. Will this be just a temporary anomaly, or is it the start of a longer trend? Hopefully it's just an anomaly because we are in no position for a longer negative trend. Lets see what the numbers will be like next month.

What do you think?

For more:
http://www.bloomberg.com/news/2014-05-30/consumer-sentiment-in-u-s-fell-more-than-forecast-in-may-1-.html

And:
http://www.cnbc.com/id/101717727