Consumer Sentiment Drops to 2 Year Low

Consumer sentiment continued to slide in November, University of
Michigan/Reuters survey
. The November consumer sentiment index was 75.0 — the lowest
level since October 2005 — and is a slide from October’s 80.9. (consensus was 79.5).

My best guess as to the cause of the low sentiment readings was a lethal combination of depressed Yankee fans, suicidal Home Builders, Fox’ cancellation of this season’s 24, and Larry David.

I was originally going to suggest that $97 Oil and higher food prices were at the root cause of this, but since there is obviously no inflation, it must be something else . . .


UMich Nov. consumer sentiment 75.0 vs 80.9 in Oct.
Ruth Mantell
MarketWatch, 10:04 AM ET Nov 9, 2007

Investors Shred Bernanke’s Outlook, Bet on Rate Cut    

Category: Consumer Spending, Economy, Psychology

It’s the Food Inflation, Stupid!

Category: Consumer Spending, Inflation, Retail

The Beatles Help!

Category: Digital Media, Film, Music

Newspaper Circulation Takes a Hit

Category: Digital Media, Financial Press, Web/Tech

Christmas is looking a bit dreary . . .

Category: Consumer Spending, Data Analysis, Economy, Real Estate, Retail

Financials: Worse than they look?

Category: Corporate Management, Credit, Derivatives, Earnings, Psychology, Real Estate, Valuation

Free Economist?

Category: Financial Press

Tesla Demo

Category: Technology

Quote of the Day: That’s Not a Central Bank . . .

Category: Federal Reserve, Inflation

When Does GM Get Kicked Out of the DJIA?

Category: Corporate Management, Economy, Financial Press, Markets, Valuation