Black American Consumer Confidence Just Crashed Most In 15 Years

– Black American Consumer Confidence Just Crashed Most In 15 Years:

While consumer comfort among black Americans is more volatile than among white Americans, Bloomberg’s confidence survey points to a massive collapse in comfort for black Americans last week (from an exuberant 47.9 to a dismal 37.7). This is the biggest percentage drop since Obama’s Syria “red line” in Aug 2012 and biggest absolute drop since Feb 2001.

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