This may belong in the hope and change thread..but this one's going to be going for much longer I fear.
Quote:
The Conference Board said its consumer confidence index, which stood at about 37 last month, plummeted to 25 in February, easily the worst ever. The index has been published since 1967 and just a year ago stood at 76.
Even in an abysmal economy, the dive in confidence was stunning. Economists say people's increasing worries about job cuts and their dwindling net worth could lead to even further cutbacks in spending.
"This reflects the catastrophic collapse of confidence in the economy - in the stock market, in the banking system and to some extent with the elected officials," said Bernard Baumohl, chief global economist at the Economic Outlook Group.
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"Yankees fans who say “flags fly forever’’ are right, you never lose that. It reinforces all the good things about being a fan. ... It’s black and white. You (the Mavs) won a title. That’s it and no one can say s--- about it.’’
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