WASHINGTON (AP) — U.S. consumer confidence tumbled in March as the impact of the coronavirus began to be felt.
The Conference Board reported Tuesday that its confidence index dropped to a reading of 120 in March from February’s 132.6.
The steep decline reflected rising worries about the coronavirus during the survey period of March 1-18. Economists say confidence is sure to fall further as the virus’ impact takes a bigger toll on the economy.
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We’re not surprised.
While Americans worry about Covid infections/death, unemployment (3.25M job loss last week) and how to survive…
The Covidiot-In-Chief worries about…
But my numbers…
But my TV ratings…
But my blown hair…
So yeah, Consumer Confidence Index would be down!
Addendum:
And there is this…
RethugniCONS are now saying no more financial aid for Mainstreet in the future after getting TRILLIONS of US tax dollars for the Wallstreet, Corporations and $500B Slush Fund that Covidiot Trump wants to oversee with “Hortatory and not mandatory” compliance to Congressional oversight!
Commander-in-Tweet Confidence plummets into a previously unknown dimension.
Like the vaunted DOW, quickly approaching the level before the Ignoramus-in-Chief was sworn in.
What, me worry? I have it on the authority of none other than Steve Mnuchin that the economy will come roaring back in the
3rd quarter4th quartersoon, real soon. Maybe it will, maybe it won’t. We’ll see.The upcoming depression we will suffer through as a result of this pandemic will hurt as much as people dying. Hopefully, the one good thing to come out of it is further eroding support for Agolf Twitler.