The survey results mirror those at the University of Michigan, which has seen the steepest fall in confidence ever. I think their concern will be heightened by the president's affirmation, ... They will pull back in general on all types of spending.
More Quotes from Richard Curtin:
Although firms did expect a slightly slower pace of growth, they still judge overall economic conditions quite favorable.Richard Curtin
We have fewer consumers who have positive views of housing prices of any time since 1982 and fewer consumers who have positive views of interest rates of any time since the last recession.
Richard Curtin
The growth slowdown anticipated by consumers is very mild, but just enough to result in smaller job gains and a somewhat higher unemployment rate during 2006.
Richard Curtin
On average, consumers have anticipated changes in the unemployment rate three quarters in advance of the actual change.
Richard Curtin
One of the big stories today is that people are so happy with 2 gas. There is nothing better than a relative price decrease.
Richard Curtin
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