Consumer confidence lower than during 2001 recession.

Posted on

"Consumer confidence lower than during 2001 recession."

On his blog, Paul Krugman writes today that “the plunge in consumer confidence in recent weeks is pretty startling.” Krugman says that, according to the University of Michigan index, “consumer confidence is now lower than it ever was during the 2001 recession and aftermath.”

krugmangraph1.jpg

According to Krugman, “bit by bit, the evidence is mounting that the wheels are coming off this economy.

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.