Consumer Confidence Crashes Most Since Oct 2008
Employees are learning about hiring freezes, especially in California and Illinois public sectors. Then the trade slowdown has cut hiring at the ports by 8%. We had a bit of mass layoffs in retail. And home construction starts are off 8%. Autos in contraction.
It adds up to minor downturn, all thing being equal. All things are not equal, we got those hurricanes and continuing fires, and now flooding. There are enough unknowns to swamp the boat, the difference between a blue bar and an almost blue bar.
No comments:
Post a Comment