Consumer confidence falls for 2nd month in August on virus toll - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The Conference Board's Consumer Confidence Index fell for the second-straight month to 84.8 from 91.7, according to a TuesdayThe group's Present Situation Index — which tracks Americans' views of current business and job market conditions — sank to 84.2 from 95.9.

The gloomy report "does not bode well for Q4 consumption, if Congress does not get its act together" and pass new fiscal stimulus, Ian Shepherdson, chief economist at Pantheon Macroeconomics, said.The second wave of US coronavirus infections further slammed consumer sentiments in August as joblessness maintained historic highs and spending slowed its recovery.

The survey gathered data until August 14, soon after daily new cases in the US began falling from their late July peak. The spike in outbreaks quickly showed up in high-frequency indicators, with weekly jobless claims and credit-card spending data reflecting a weakening recovery.US investing champion David Ryan famously garnered a compounded return of 1,379% in just 3 years. Here is the 11-part criteria he uses to find the next big winner.

Americans saying jobs are "hard to get" jumped to 25.2% from 20.1%, signaling fresh weakness in the labor market after months of payroll increases.

It will improve when that second $2 Trillion bailout is in the mail (mail?). Let's have these $2 Trillion handouts every year!

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But this GOP convention said the economy was amazing! They told me that this is the best economy the world has ever seen! But the stock market is at record highs. It's like you're telling me this is all a drug-fueled hallucination that won't last forever.

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Global companies raise most funds for the month of August in a decadeCompanies raised the most funds in global equity and debt markets for the month of August in a decade as homebound bankers spend their summer fixing deals off the back of trillions of dollars of stimulus worldwide to fight the coronavirus pandemic. $13 trillion stock mkt gain and post office cant afford to function Taxing the rich individually seems unfair singling them out plus they hide wealth offshore BUT taxing a system much more efficient 50 cent transfer tax on every share traded
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