business news in context, analysis with attitude

The University of Michigan's preliminary reading of consumer sentiment during February dropped to 93.1 from January's final reading of 103.8, which analysts traced to poor employment reports from the government, was said was significant and reflected "a new pessimism."

The university's "current conditions" index fell to 100.4 from 109.5 in January, while the "consumer expectations" index dropped to 88.4 from January's 100.1.
KC's View:
Unfortunately, this will be the trend over the next nine months or so. Why? Politicians from both sides of the aisle will feel the need to bash each other, defend themselves, and do so over and over again.

No wonder consumer confidence gets shaken, not stirred.