Tuesday, December 30, 2008

Are You Contemplating Suicide But Need That Final Push?

Then tighten your noose and read these:

Via AP: December Consumer Confidence Drops to All-Time Low
NEW YORK – Consumer confidence hit an all-time low in December, dropping unexpectedly in the face of layoffs and deteriorating markets for housing, stocks and other investments..."Deepening job insecurity and falling asset prices are outweighing any optimism consumers may have derived from falling gas prices," said Dana Saporta, U.S. economist at investment bank Dresdner Kleinwort.
(To read the entire article, click here.)

Via Bloomberg.com: Holiday Sales Drop to Force Bankruptcies, Closings
Dec. 29 (Bloomberg) -- U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years. Retailers may close 73,000 stores in the first half of 2009, according to the International Council of Shopping Centers.
(My, you really are hungry for the sweet smell of formaldehyde, aren't you? Go on, then. Click here for the whole thing.)