The historic Obama Boom continues to roar! The greatest economic expansion since the death of Genghis Khan, continues to produce dazzling results. Consumer confidence fell sharply in March due to increasing inflationary pressures. As the cost of food and fuel continues to rise, people’s incomes are not. This is leading to people cut back spending as prices rise for basic necessities.
NEW YORK, March 29 (UPI) — U.S. consumer confidence dropped in March after two months of gains, the Conference Board said Tuesday.
The monthly Consumer Confidence Index, which uses 1985 as a base year with an assigned value of 100, fell from 72 in February to 63.4 in March. The Expectations Index, measuring consumer confidence in the economy six months down the road, fell from 97.5 a month ago to 81.1.
The greatest economy in the history of humanity continues to boom!
