1.0link154305<![CDATA[Consumer Confidence Hits Record December Low]]>http://www.huffingtonpost.com/2008/12/30/consumer-confidence-hits_n_154305.htmlNEW YORK — The grim outlook for the economy was affirmed Tuesday by separate reports showing consumer confidence and housing prices have plummeted to all-time lows.
Illustrating the depths of the recession, consumer confidence hit a more than 40-year low in December in the face of rising layoffs, while home prices in 10 major U.S. cities dropped in October by the sharpest amount in 21 years.