Crumbling Confidence?
Written by on January 31st, 2008 in Real Estate.
The Conference Board released their report on Consumer Confidence Tuesday. In researching the long term confidence data, I noted that only once since 1970 has consumer confidence gotten this low without the US going into a full-blown recession. Hopefully, we’ll avoid it this time, too. The Federal Reserve is doing what they can. Congress is trying to come up with a stimulus package. However, there’s only so much they can do at this point without creating other economic problems (inflation