Saturday, July 17, 2010

Confidence Slides, Heightening Risk of a Slowdown


From Bloomberg: Confidence among U.S. consumers tumbled in July to the lowest level in a year, heightening the risk of a slowdown in economic growth.

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment decreased to 66.5, the lowest since August and less than the most pessimistic forecast of economists surveyed by Bloomberg News.....read on

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