» Posted by Martin Weil on June 17, 2008

The last time US consumers were this pessimistic, Jimmy Carter was in the White House, gas prices had broken through the $1 per gallon barrier - equivalent to today's $4 per barrel - and the Fed Funds rate was in the process of rising from 5% to a record high 19%.

Chart from Haver Analytics, link The Big Picture

Previous entry: Why you'll welcome $8 gas
Next entry: What a real market sell-off looks like

Back to Martin's View main page