Economic Confidence Deteriorates

Economic confidence is deteriorating sharply among Americans, according to new Gallup Poll data. Gallup’s Economic Confidence Index averaged -31 over the first two weeks of December, fully offsetting November’s improvement to -24, and essentially matching the monthly readings of -29 in October and -33 in September. In addition, consumers are virtually no more optimistic about the US economy in early December 2010 than they were at this time a year ago (-27).
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