Consumer Confidence: How do you feel about the economy six months from now

[BurtWorm]

[LiberalEsto]

1. Gas will be over $3 a gallon

which will increase the costs of consumer goods which will cause inflation and rising interest rates.

[BurtWorm]

3. I tend to think oil prices will remain high, too.

I'm surprised by the apparent confidence among consumers that the AP is reporting today. I don't understand what it's based on.

[FSogol]

2. Food prices will skyrocket. NT

[BurtWorm]

4. More reason to feel nervous: China

http://www.nytimes.com/2005/06/28/business/worldbusiness/28yuan.html?ei=5094&en=410569d3bc535509&hp=&ex=1120017600&adxnnl=1&partner=homepage&pagewanted=print&adxnnlx=1119978002-ckzIOI+RVam8aGVfMWU2Ig

"China's debut as an auto exporter, small as it may be for now, foretells a broader challenge to a half-century of American economic and political ascendance. The nation's manufacturing companies are building wealth at a remarkable rate, using some of that money to buy assets abroad. And China has been scouring the world to acquire energy resources, with the bid to buy an American oil company only the latest overture."

[Double T]

5. Energy Prices Will Continue To Rise As An Excuse To Pass Bush's.....

Trojan Horse Energy Legislation. People are already holding on to their money or having to pay out more for the necessities of life and this combined with higher energy prices will stifle consumer confidence further.