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Strategies & Market Trends : Playing the QQQQ with Terry and friends.
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To: Provider who wrote (4789)5/21/2009 11:27:10 PM
From: Walkingshadow   of 4814
 
Latest Neilsen Economic Current report released today shows more reason to be skeptical that the recession is easing:

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Despite recent optimism about a turnaround in the global economy, consumer activity in the United States and China showed significant declines during the month of March. The change was led by a continued decrease in shopping trips and consumer transactions, according to the Nielsen Economic Current scorecard. The U.S. decline may be partially attributed to the Easter holiday occurring in March last year, while it took place in April this year. Similarly, the drop in China may have been affected by the Chinese New Year (a high sales peak), which was in February 2008 but in January in 2009. However, Nielsen Economic Current analysts are watching for signs of a longer term retrenchment in spending.

“Global consumer spending is still moderate from last month and confidence in the economy remains low,” said James Russo, Vice President Global Consumer Insights for The Nielsen Company. “While there is growing optimism worldwide in an economic recovery, U.S. and China consumers remain the most cautious as they continue to shift towards purchasing store brands and cut back on discretionary spending, such as entertainment outside of the home and other personal luxury items.”

WS
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