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Money on gas prices, does that make any sort of threat to this comeback? that is a problem. prices are what, $2.78 a gallon, expected to go $3 a gallon sometime in may, maybe toward the end of may, some economists are saying. the tipping point for consumers might be $3.25, $3.50. last time, the tipping point was $4 a gallon. it s lower this time around because of where we are with the unemployment rate being as high as it is, close to 10%. the unemployment is weighing on in on the economy. do you see it weighing in on the consumer sentiment? numbers are lower this time around. people are pessimistic looking ahead. don t expect it to come down any time soon, 9.7%, expect it to stay in that range. not too optimistic about the jobs prospects going forward and confidence chipping away, too, with the economic policies in washington. all right. we ll ask you a few questions ....
they re up. which means consumers are in the game? fourth gain in five months, surprising with the weather so bad, credit tight, people worried about the job situation, but they were out spending, any number of categories appliances, furniture, even the restaurants and bars saw an uptick. so, that s a positive. really does show us that perhaps the consumer is in the game, and it also reiterates the fact that perhaps there s some staying power, that the recovery is sustainable. does it also show that maybe we re regaining some of all of the lost wealth out there? we have. if you look at household and net worth, which would include all of your assets, your home, for example, your investments, subtract your debt, your mortgage, your credit card, household wealth is actually up. and it was up last quarter because of the stock market gains, not at prerecession levels, but it has been going up, and the more money we make, the more we spend and gets back out in the economy. that s ....
Detailed text transcripts for TV channel - FOXNEWS - 20091026:03:30:15 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.
Detailed text transcripts for TV channel - FOXNEWS - 20091026:05:30:15 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.