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.
More Quotes from Richard Curtin:
High gas prices had a devastating impact on consumers' budgets and caused consumers to expect a worsening financial situation during the year ahead.Richard Curtin
The sharp and sudden swing in consumer expectations was due to mounting fears among consumers that weak job growth and global job outsourcing may pose a threat to their future living standards,
Richard Curtin
Consumers judged their current finances much more favorably due to declines in gas prices, and were more likely to anticipate additional financial gains during the year ahead.
Richard Curtin
The last time consumer confidence declined a comparable extent was prior to the recessions in 1990 and 1980.
Richard Curtin
Consumers anticipated that higher interest rates will ultimately slow the overall pace of economic growth.
Richard Curtin
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