Consumer Confidence Hits 2-Year Low

Via AP/Yahoo:

Economists said conditions are being exacerbated by renewed problems in financial markets as investors have become worried by a string of huge losses reported by some of America’s largest corporations, including General Motors, Merill Lynch and Citicorp. These sobering earnings reports are raising concerns about how many more billions of dollars in losses have yet to be announced.

The amount of losses yet to be announced could be pretty scary.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.