Tuesday, October 28, 2008

Consumer confidence plunges to lowest on record

Consumer confidence plunges to lowest on record in wake of financial turmoil, layoffs

WASHINGTON (AP) -- Layoffs, plunging home prices and tumbling investments have pushed consumer pessimism to record levels in October, a private research group said Tuesday. Wall Street shook it off, though, focusing instead on higher global markets amid optimism the Federal Reserve will ease interest rates
furtherhttp://biz.yahoo.com/ap/081028/meltdown_economy.html

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