29_35x90 knx_35x90

Local

Local Investors Brace For Continued Economic Uncertainty

View Comments
Links & Numbers
Information & Resources On Dangers Of Marijuana Use Covered California Enrollment Methods Hire LA Youth Hospital Ratings Stradivarius Fest Tell Us Who's Hiring!
Photo Galleries

LOS ANGELES (CBS) — Local investors are especially busy this week as they brace for continued economic uncertainty.

The Rasmussen Consumer Index found that 70 percent of consumers think the economy is worsening. When consumers feel broke, they’re obviously less likely to purchase big items such as furniture, appliances and cars.

Experts say Americans’ overall spending could be cut by $140 billion this year.

Analysts predicted the economy would grow by four percent a few months ago, but now, the forecast is closer to half of that number.

The business community is fearful, too. Companies are sitting on about $2 trillion in cash and their reluctance to spend also renew fears that the United States could slip back into a recession.

For finance and investment questions, visit StockCross Financial Services.

View Comments
blog comments powered by Disqus