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Article: The Philadelphia Inquirer Andrew Cassel Column.

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Knight Ridder/Tribune Business News
Article date:
October 30, 2002
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By Andrew Cassel, The Philadelphia Inquirer Knight Ridder/Tribune Business News

Oct. 30--This week's economic news is grimmer than last week's. Yesterday's report that consumer confidence plunged in October to its lowest point since 1993 added more weight to fears that the nation's wobbly recovery might take a lot longer than hoped, or even run out of gas altogether.

We probably shouldn't panic. Any transition period between recession and growth is going to produce mixed reports; the lights don't all flash green at once. But flagging consumer confidence, along with drops in the leading economic indicators and a shaky Christmas-season sales ...

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