So the last time we had a very poor consumer confidence reading the fed opened the QE3 spigot. Could we be in for additional stimulus for the upcoming holiday season?
“Consumer Confidence in U.S. Drops for Sixth Consecutive Week
By Ben Schenkel – Nov 7, 2013 9:45 AM ET
Consumer confidence in the U.S. fell for the sixth week in a row, reaching the lowest level in a year as Americans struggled to make ends meet.
The Bloomberg Consumer Comfort Index declined to minus 37.9 in the week ended Nov. 3, the worst reading since October 2012, from minus 37.6. The one-week drop was the smallest since the partial government shutdown ended in the middle of last month….”
