Outside the Box

US Consumer Confidence Heads South

John Mauldin

December 4, 2007

In the second installment of our special two day Outside the Box letter, we have good friend Greg Weldon's giving us his thoughts in his regular "Weldon's Money Monitor." Consumer expenditures account for approximately 2/3rds of U.S. GDP. A precursor to any underlying changes in consumer expenditures is consumer sentiment. Greg explains to us the state of the American consumer and how current federal and institutional initiatives will not help thwart the looming recession. You can read his work at www.weldononline.com.

John Mauldin, Editor
Outside the Box

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US Consumer Confidence Heads South

By Gregory T. Weldon

MACRO-US: Old School meets New School ... and the "Slope-off-Stimulus"

US Consumer "expectations" are ... negative.

This is no small statement.

Check out the data extracted from the November Conference Board Consumer Confidence Survey results:

Consumer, 6-Month Forward Expectations ...

Percent Expecting Worse Conditions ...
... 16.7% ... versus 13.9% in October.

Percent Expecting…

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