Consumer Confidence Lowest In 16 Years

Financial Times:

US consumer confidence dropped to a 16-year low this month, a level that has historically signalled recession.

The Reuters/University of Michigan index of consumer sentiment fell 11 per cent for early February to 69.6, compared with the previous month - the lowest level since February 1992. "Past declines of this magnitude have always been associated with subsequent recessions," said Richard Curtin, the director of the survey.

Read the whole story: Financial Times