An unfortunate case (274)

Soros:

"As markets revive, fear of inflation will drive up interest rates, which will choke off recovery," he said.

He also warned that while the worst of the 2008 crisis is past, investors do not appear to have learned their lesson.

"People want to pretend the crisis never happened," he said. "They want to go back to business as usual."
http://finance.yahoo.com/news/Soros-predicts-stopgo-economy-rb-3788173021.html?x=0&sec=topStories&pos=4&asset=&ccode=

The New York-based Conference Board said Tuesday that its Consumer Confidence Index now stands at 49.3, down from its revised May level of 54.8.

http://finance.yahoo.com/news/Consumer-confidence-falls-in-apf-2813989961.html?x=0

There is not business as usual yet.

Amid these economic woes, consumers are saving more. Instead of splurging at the mall, households used most of their federal stimulus payments to boost savings to the highest rate in more than 15 years in May, a government report last week showed.
http://finance.yahoo.com/news/Consumer-confidence-falls-in-apf-2813989961.html?x=0