Despite promises of green shots by the Obama administration, mounting job losses and an economy stuck in reverse have resulted in a loss of consumer confidence. Perhaps people are opening up their Christmas shopping bills.
http://www.zerohedge.com/article/weekly-abc-consumer-confidence-plummets-11-holiday-bills-arrive-following-weak-payrolls-numb
Editor's note: if I stopped posting negative blog entries on the economy, I wouldn't have anything to blog. I apologize.
Wednesday, January 13, 2010
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