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Tuesday, November 18, 2008
Consumer Sentiment and Unemployment
For reference: I've drawn in a few projections going forward. It seems fairly clear that interest rates will remain in the range they are in now. There's not much question that unemployment will continue to rise, I'm more negative on this than most economists. I'm using their projections and making them worse because that seems to be what happens early in the projection game. Consumer sentiment should remain weak but improve as Obama takes control of the government. It's unlikely we will get a big rise in sentiment as long as unemployment stays bad.
Consumer Sentiment, Unemployment and Interest Rates
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