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| 1946: Great Expectations - David Lean |
Nationwide, the UK's largest Building Society provides a range of data. One is the Consumer Confidence Index which they report has fallen yet again, this time to a score of 36. This is a complex index and deals with perception. Nationwide drearily announce that the Expectations Index fell by 14 points, taking it to its lowest ever reading of 48. May I remind you of my post on November 4th about investors becoming curvaceous. As an investor, one might see "rock bottom, depressing news" as an investing opportunity... waiting for consumer confidence to return is invariably after the event.
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