RasmussenReports.com reported investor confidence reached an all-time low Sunday.
Part of the report states:
The Investor Index includes components that measure both an assessment of current economic conditions and an expectation of future economic performance. During the period from the collapse of Lehman Brothers until the inauguration of President Obama, the assessment of current economic conditions fell much faster than expectations of future performance. The reverse has been true since Inauguration Day with expectations of the future declining much more rapidly.
The assessment of current economic conditions fell 28 points between the collapse of Lehman Brothers and the inauguration (from 89.6 to 61.7). It has fallen another nine points since then to 52.3.
Expectations of future economic performance fell eight points between the collapse of Lehman Brothers and the inauguration (from 83.4 to 75.3). It has fallen another twenty-one points since then to 54.4. Fifty-nine percent (59%) of investors say their own personal finances are now getting worse.
President G.W. Bush did not leave the country or the economy in the best of shape, however, investor confidence in future performance of the economy has to be affected by President Barack Obama's and Congress' willingness to spend money we don't have.
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