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Feb. 20, 2008: update
1990 Recession re-visited: The message
from consumers
The ABC-Washington Post Consumers Comfort Index of Feb 17
and released Feb.19, 2008 was unchanged at (-37), the same level as last week. Such a negative reading was
last recorded on Oct.14,1990. At that time, it was not yet known that the economy had been in recession since July. Tabulated
below are some similarities and differences between now and then:
Recession 1990 | Recession 2008 |
President: G. Bush, Sr | President: G. Bush, Jr |
Gulf War I | Gulf War II |
Housing Crisis | Housing Crisis |
Credit crunch | Credit crunch |
Citicorp losses/stock collapse | Citicorp losses/stock collapse |
6th year of declining USD | 6th year of declining USD |
USD bottoms at DX 80 | USD bottoms at DX 75 ?? |
Surging oil prices | Surging oil prices |
20 % SP500 market decline
| 20 % SP500 market decline |
Gold: down trend following early 1990 rally | Gold: still in up trend |
| ABC-Washington Post Consumer Confort Index 021208 |
 |
| Release of Feb. 12, 2008 |
| ABC-Washington Post Consumers Comfort Index |
 |
| Data of Feb. 10 released Feb.12, 2008 |
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