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NEW YORK - Americans' outlook on the economy went into relapse in February. Rising job worries sent a key barometer of confidence to its lowest point in 10 months, raising concerns about the U.S. economic recovery.
The Conference Board said Tuesday its Consumer Confidence Index fell almost 11 points to 46 in February, down from a revised 56.5 in January. Analysts were expecting only a slight decrease to 55. It was the lowest level since the index recorded a 40.8 reading in April 2009.
Wall Street Bonuses Rise 17%
U.S. Bank Industry Still Suffering, FDIC Says
Originally posted by SeekerofTruth101
Get a grip. Christmas and holiday season over. Back to normal, steady growth. Buying of necessities, being thrifty and spending only on the necessary. It's only the ordinary folks that is keeping the economies afloat, with their spending and tax funded economic injections.
The rich class, unfortunately, are still hoarding their money. May they be able to take it with them into the next life, since they easily delude themselves that the hoard will keep 'em alive if things really go downhill.