Consumer confidence barely budged from a two-year low as housing troubles, a credit crunch, high energy prices and turbulence on Wall Street continue to make people uneasy about the economy and their own financial situations.
The RBC Cash Index showed confidence clocking in at 65.9 in early December. That hovered close to a reading of 64 in November, which marked the worst showing since the devastation wrought by the Gulf Coast hurricanes in 2005.
"There's a great deal of angst out there," said economist Ken Mayland, president of ClearView Economics. "There is a great deal of fear and foreboding."
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The RBC Cash Index showed confidence clocking in at 65.9 in early December. That hovered close to a reading of 64 in November, which marked the worst showing since the devastation wrought by the Gulf Coast hurricanes in 2005.
"There's a great deal of angst out there," said economist Ken Mayland, president of ClearView Economics. "There is a great deal of fear and foreboding."
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