Your belief that everything's going to be OK is falling sharply, according to the University of Michigan consumer sentiment survey. The preliminary reading from the first part of July stands at 64.6, down from June's final reading of 70.8.
As Calculated Risk points out, consumer sentiment is a conincident indicator -- "it tells you what you pretty much already know." Personally, I've been hearing a few new whispers of anxiety about the economy just lately, from people who before now haven't seemed worried about their own situations.
How's by you?
categories: Economic Scene
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