Consumer Confidence At Highest Level Since November 2008
Posted Mar 17, 2009 at 9:07 AM by Maurice Berger
Is it a statistical blip or do Americans see the tide turning in a recession that has plagued the nation since December 2007: After five days of steady gains, the Rasmussen Consumer Index, which measures consumer confidence on a daily basis, is now at its highest level of 2009. In fact, confidence is now at the highest level since the morning after Barack Obama was elected President in November. The moved up another point on Sunday to 67.0. That’s up ten points from a week ago and up ten points from a month ago. However, it remains down nine points from a year ago." Only time will tell if we're moving up from the bottom or experiencing a lull in what has been a year-long dowaward spiral.
