Consumer confidence falls off the cliff
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/consumer-confidence-falls-off-the-cliffPosted on Saturday, December 13th, 2008 | In Asia
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
The Pew Research Center has been tracking consumer confidence for decades and their most research survey shows a a title=confidence target=_blank href=http://seekingalpha.com/article/110477-negative-psychology-tightening-grip-on-u-s-consumers-pew?source=emailhorriblly pessimistic Americans./abrbr92% of the public rates the national economy as only fair or poor and 61% say their personal finances are fair or poor. Both numbers are the most negative in the last 15 years.brbr73% say that they plan to cut back on Christmas gifts. brbrWhat’s this got to do with China? It means that Americans are going to buy a lot less doodads, trinkets, and clothes from Chinese factories. brbrbrbrbrbr
Last 5 posts by Tony Sagami
- World Bank Calls China: A “Ray of Hope” - April 14th, 2009
- Even Walt Disney Couldn’t Have Imagined This … - April 9th, 2009
- Following the Warren Buffett of China - February 17th, 2009
- Gaming stocks down on their luck - January 20th, 2009
- Japan: worst stock market drop in history - December 31st, 2008
 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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