Consumer Comfort in US at Almost the Highest in Four Years
Article from BusinessWeek:
February 23, 2012, 12:09 PM EST

  • Initial Jobless Claims in U.S. Hold at Four-Year Low
  • Jobless Claims in U.S. Unexpectedly Fall to Four-Year Low
  • Margins Widen at U.S. Companies as Wages Lag Behind: Economy
  • Trade Deficit in U.S. Climbed in December to Six-Month High
  • Growth Forecast in Obama Budget Exceeds Economist Estimates

By Bob Willis

(Updates with markets and correlation with other data starting in seventh parag…………………continues on BusinessWeek
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FSA: Industry has ‘itself to blame’ for low consumer confidence
Article from ifaonline.co.uk:

The FSA’s acting enforcement head, Tracey McDermott, today said the financial services industry is failing to heed the lessons of previous failures and “has no-one but itself to blame” for low consumer confidence in the sector.

Speaking at the City and Financial Conference, McDermott picked on a number of incidents of mis-selling by financial advisers.

She said: “How could any adviser ever have thought that selling a 94-year-old with a three-year life expectancy a five-year product was fair?

“How could any adviser have thought that investing large proportions – or even all – of a customer’s retirement fund into high risk Unregulated Collective Investment Schemes was suitable advice?

“Why did advisers tell clients to invest in products they themselves did not understand?”

McDermott went on: “It really is no wonder that confidence is low and the industry, frankly, has no-one but itself to blame.”

(read McDermott’s full speech ifaonline.co.uk
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