Word: consumerized
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The unions say that since the start of the year, food prices have risen 7.9%, electricity 20%, gas 50% and coal for heating 59%. The consumer price inflation rose 5.46% year-on-year in September. They say the government is still offering businesses "expensive gifts" like tax relief to foreign...
Two main indices measure consumer confidence in the U.S., where consumer spending accounts for about two-thirds of the economy. One is a monthly report by the Conference Board, a nonprofit supported by business executives. The University of Michigan publishes a similar monthly survey. During the summer, despite high gas...
Another day, another drama on Wall Street. On Monday, the Dow Jones industrials plummeted roughly 800 points before rising late in the afternoon for an overall drop of around 370. But the swirl of numbers so far does not include perhaps the surest sign of hard times on the horizon...
A sudden, precipitous drop would almost certainly signal the beginning of a recession, since in many ways consumer confidence in the economy is the result of self-fulfilling prophecies: financial anxieties on Wall Street and frantic election-year politicking over the economy aren't really the kinds of things that...
Still, sure evidence of a coming economic disaster has yet to be delivered to the minds of many economic experts looking for early trends in the next batch of consumer-confidence data. The University of Michigan survey is expected to produce preliminary figures in mid-October. Main Street may then...