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Old 10-07-2005, 12:09 AM  
VeriSexy
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Quote:
Originally Posted by Tat2Jr
Here's just a few of the bad things that are causing this:

Low retail sales suggest consumer anxiety:
http://www.businessweek.com/ap/finan...e_down&chan=db

Income Dropped Unexpectedly and Spending Fell in August:
http://www.nytimes.com/2005/10/01/business/01econ.html

A Storm Leaves Higher Heating Bills in Its Wake:
http://www.nytimes.com/2005/10/01/business/01five.html

Consumer Confidence Plummets in September:
http://www.washingtonpost.com/wp-dyn...092700645.html

Markets Can't Rally Against Declining Consumer Confidence:
http://www.washingtonpost.com/wp-dyn...092701423.html

GM, Ford Sales Tumble in September:
http://www.washingtonpost.com/wp-dyn...100300672.html

Yeah people don't seem to be spending anymore, they know what happened to the economy after 9-11 and they know the damage of Katrina will effect the economy the same way.
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