Jan 27 2009
Can The Economic Atmosphere Get Worse?
http://www.msnbc.msn.com/id/28863873/
2008 was no friend to the economy, and things look even worse for 2009. People are spending way less, more job cuts came recently from several large businesses, and the nightmares go on. What really caught my eye is the consumer confidence level. It is expected to be 39 for this month. To put that into perspective, consumer confidence was as 87.3 exactly one year ago. A huge drop, to state the obvious. With things getting worse, the figures will not be improving for a while.
There is hope from these same analysts, however. Predicting huge declines for a while, things will supposedly pick up again in the fourth quarter. The key, however, is the stimulus package from the government. So many things can go wrong there. I still do not believe it will work out perfectly in reality. Few things ever do. Nevertheless, good news will serve to help the tense atmosphere in a long way. I do not have any good news myself, but I am just saying it is true.
