[lbo-talk] Americans "deeply pessimistic" about economy, will probably keep

[Mark S]

>September 19, 2005
>
>Americans' Dour Economic Attitudes Little Affected by Katrina
>Americans very negative on economy both before and after hurricane
>
>by Frank Newport
>GALLUP NEWS SERVICE
>
>PRINCETON, NJ -- What has been the impact of Hurricane Katrina on consumer 
>confidence in the United States economy? Gallup's first September update on 
>Americans' views of the economy suggests that the hurricane may be having 
>little effect at all. Confidence in the economy, which was low and dropping 
>in August just before Katrina's landfall, continues to be low in September, 
>showing little change in either direction after the events of the last few 
>weeks. Economic concerns remain the most important problem facing the 
>country -- again, little changed from August.
>
That's interesting because economists have found a stronger negative 
correlation between changes in the price of gas and consumer confidence than 
between the actual level of the price of gas and consumer confidence...

M.

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