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Wednesday, April 30, 2008

Housing/Subprime/Credit Roundup — April 30, 2008

Items of Interest:

Consumer Confidence Index at -41, April 29, 2008ABC News:
Confidence at Another 2008 Low -- Consumer confidence reached another new low for the year this week, moving within sight of its lowest in 22 years of weekly ABC News surveys.

The ABC News Consumer Comfort Index stands at -41 on its scale of +100 to -100, its second week at or below -40 – a level not seen since July 1993. It's far below its long-term average, -10, and within striking distance of its record low, -50 in early 1992.

Among other troubles, this week 78 percent of Americans say it's a bad time to spend money on things they want and need, the most since July 1992 and 2 points from the record. That may not bode well for the government's economic stimulus...


Calculated Risk

MishTalk - Mike Shedlock

Paul Krugman - NY Times

The Big Picture - Barry Ritholtz

naked capitalism - Yves Smith

Pragmatic Capitalism

Washington's Blog

Safe Haven

Paper Economy

The Daily Reckoning - Australia