Wednesday, December 26, 2007

Job security fear falls dramatically

House prices could fall in 2008 due to increasingly gloomy consumer confidence - Lloyds TSB

“The slump in confidence over job security, coupled with the pressure of rising prices does not bode well for the New Year. This combination could dampen consumer spending and have a knock-on negative impact on the housing market. However, the fact that official labour market data remains strong offers some hope that job fears may be short-lived. Although our survey suggests that December’s interest rate cut has so far had little impact on sentiment, a further two cuts early next year – which we expect – may offer a welcome boost to confidence.”

Posted by converted lurker @ 01:37 PM (751 views)
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One thought on “Job security fear falls dramatically

  • it_is_going_with_a_bang says:

    “official data” LOL
    Oh please.
    This is the same government that told us we’d find nukes in IRAQ.
    “Consumer fears over the security of their jobs ” – yes indeed because the whole dam country has been financed on House price inflation.

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