New dramatic downturn in Consumer Demand Index

The February data shows that we are nowhere near the bottom of the American crisis and therefore also the global crisis which might develop from a financial and economic crisis to a social and political crisis. Our index, which forecast the US consumer demand two quarters ahead of official data with a fair degree of precision, were set to 100 as an average for the year 2002 is now down to minus 37. This indicates a new dramatic collapse of demand in the US, which will in the coming quarters spill over, to the rest of the World.

Data for the February survey were collected from 18th to 22nd of February.