Consumer Sentiment Crashes Back Down Toward Four Decade Lows

Consumer Sentiment Crashes Back Down Toward Four Decade Lows: 

The views of U.S. consumers about the economy turned much grimmer in the first weeks of November, the University of Michigan’s consumer sentiment survey showed on Friday.

The index of consumer sentiment fell about nine percent to a reading of 54.7 in the preliminary November reading, pulled down by a much more negative view of current economic conditions.