This graph shows consumer confidence (blue line) and compares it to the same time last year (orange area) over the past 11 years. For the orange, the line across the middle represents the same attitude as last year. If the orange line is higher, it means attitudes are better than one year before. If below the line - like now - it means they are worse. At this point, the blue line shows that consumer confidence now is lower than at any point before this recession.SoldAtTheTopEnlarge By SoldAtTheTop, Guest blogger / October 6, 2010 Today's release of the Reuters/University of Michigan Survey of Consumers for September showed a decline in consumer sentiment with a reading of 68.2 dropping 7.21% below the level seen last year.
Skip to next paragraph SoldAtTheTop'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
The Index of Consumer Expectations (a component of the Index of Leading Economic Indicators) also dropped to 60.9, and the Current Economic Conditions Index climbed to 79.6.
It's important to recognize that while consumer sentiment is still higher than the panic laden trough level seen in late 2008, the current sentiment level is far lower than any level seen during the 2001 tech recession and roughly equivalent to the worst seen during the early 1990s and second dip 1982 recessions.
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California Gov. Arnold Schwarzenegger on Thursday honored Victor Perez, the man behind the improbable car chase that resulted in the recovery of an 8-year-old girl abducted in Fresno, Calif. 'This guy is a true action hero,' said the governor. Here is his story and the stories of three other everyday heroes who responded to trying circumstances with extraordinary grace or courage.
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When park ranger Leanne Sarco saw oil-covered hermit crabs on the Louisiana beaches, she started her own project to clean and save them.
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