28 Oct
Posted by igor in Business, Current Affairs, Newswire (Business, Consumer, Credit crunch, Home, Mortgage, Subprime mortgage crisis, United States, US)
The US consumer index has plummeted to an all time low of 38.0, having begun based at 100 in 1985. This reflects the hard times that have fallen upon the US consumer quite clearly, with the subprime mortgage crisis playing a large role. A number of large corporations have also had rounds of layoffs. Jobs will become harder and harder to come by for those looking, and new graduates (especially in the business fields) will be taking strain. Lean more about how the index is calculated here.
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2 Responses
Amy Hewitt
October 18th, 2009 at 6:19 pm
You obviously put a lot of work into that post and it’s very interesting to see the thought process that you went through to come up with those conclusion. Really interesting and informative article.
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Christian Louboutin
October 20th, 2009 at 12:14 pm
Great post, thank you for sharing!
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