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Consumer sentiment falls in May, lowest since 1980

marketwatch.com
May 16, 2008
        
Story Timeline:  150 days

WASHINGTON (MarketWatch) -- Consumer sentiment in May fell from the prior month, reaching its lowest level since 1980, according to a Friday media report. In recent months, high fuel and food prices, along with falling home values have pulled down sentiment. The U.S. consumer sentiment index in... [read full story]                    

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JusticevMercy commented on "Consumers are on edge, but the pain will pass"

 marketwatch.com May 16, 2008
First article on this story:

U.S. Preview: U of M/Reuters Consumer Sentiment to Fall Beyond 26-Year Low (CEP News)

 economicnews.ca May 15, 2008
Selected publications with coverage of this story:
iht.com canadianbusiness.com marketwatch.com economicnews.ca yahoo.com seekingalpha.com bloggingstocks.com actionforex.com kirberts.co.uk finanznachrichten.de
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JusticevMercy commented on "Consumers are on edge, but the pain will pass"

marketwatch.com
May 16, 2008
        

Where is nuclear power in this equation? France gets 80-90% of the electricity from nuclear! This is the only time in my entire life I will say that we need to be more like the French! God help me. I need to go take a shower, I feel so dirty all of a sudden. Story: Consumer sentiment falls in...

Russell in the red as consumer sentiment at 28-year lows (SmallCapInvestor.com)

yahoo.com
May 16, 2008
        

Small-cap stocks edged lower, unable to sustain a pre-opening upside pop tied to housing starts data. In addition, the latest consumer sentiment survey from the University of Michigan was below expectations, which tugged down stock prices. At 10:07 a.m. ET, the Russell 2000 (NYSEArca:IWM - News...

Dollar Falls on Lowest Consumer Sentiment in 28 Years

seekingalpha.com
May 16, 2008
        

Grace Cheng submits:The lowest confidence among American consumers in nearly 28 years caused the US dollar to fall sharply Friday against major currencies. The Reuters/University of Michigan preliminary index of consumer sentiment fell to 59.5 in May, the lowest level since June 1980, from 62.6...

Surge in oil hits Wall St. sentiment

iht.com
May 16, 2008
        

U.S. share prices pulled back Friday as enthusiasm over a surprise jump in home construction gave way to renewed concerns about how consumers will fare as oil pushes to fresh highs. Wall Street, hoping for an economic rebound in the second half of the year, has been searching for any signs that...

JonathanAlbert commented on "Consumer sentiment falls in May, lowest since 1980"

marketwatch.com
May 16, 2008
        

That was due to Newt Gingrich and the Republican Congress, remember the Contract With America? It was all about getting the budget balanced. But honestly our Government is full of LIARS whether DEM or REP The best liar wins..just like in the courtroom it isn't always the truth thst wins out but...

Treasurys rise after data shows jump in home construction but decline in sentiment

canadianbusiness.com
May 16, 2008
        

NEW YORK (AP) - Treasury prices rose Friday despite an increase in home construction as investors focused, instead, on data showing a decrease in consumer sentiment. The University of Michigan reported Friday that its preliminary gauge of May consumer sentiment came in at a worse-than-anticipated...

completelywild commented on "Consumer sentiment falls in May, lowest since 1980"

marketwatch.com
May 16, 2008
        

Consumer sentiment is closely tied to inflation. The less purchasing power the dollar has, the worse the economy must be. Sentiment right now stems from high food and gasoline costs; that is what the average consumer is the most aware of. I doubt that the consumer confidence index reflects much...

completelywild recommended [5 stars] on "Consumer sentiment falls in May, lowest since 1980"

marketwatch.com
May 16, 2008
        

Consumer sentiment is closely tied to inflation. The less purchasing power the dollar has, the worse the economy must be. Sentiment right now stems from high food and gasoline costs; that is what the average consumer is the most aware of. I doubt that the consumer confidence index reflects much...

                   

U of M/Reuters U.S. Consumer Sentiment Unaffected by Tax Rebates (CEP News)

economicnews.ca
May 16, 2008
        

The first monthly reading for consumer confidence in May failed to show any improvement despite the beginning of the fiscal stimulus tax rebates, economists say. The preliminary consumer sentiment survey from Reuters and the University of Michigan tumbled beyond the previous month's 26-year low,...

US early May Reuters/Michigan consumer sentiment falls to 59.5 vs 62.5 expected

finanznachrichten.de
May 16, 2008
        

WASHINGTON (Thomson Financial) - Consumer sentiment as measured by the Reuters/University of Michigan index fell sharply in early May, to 59.5 from April's final reading of 62.6. Economists polled by Thomson's IFR Markets had expected sentiment to fall only slightly to 62.5. The index of current...

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