Another consumer confidence index has plummeted to its lowest post-Katrina level, and retailers are crying in dark corners of their bedrooms, waiting for the inevitable disastrous holiday season.

Newsweek has a 3 page article on why consumers are depressed, but you can probably already guess what factors they’re citing.

And yes, the term “perfect storm” was used.

Consumer confidence hits 2-year low [Newsweek] (Thanks, Molly!)
(Photo:swanksalot)

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