Catherine Rampall: Economic Confidence Plummets:
Economic confidence has taken a nosedive in the last few days, reaching its lowest three-day rolling average since December 2011…. That’s according to Gallup’s daily economic confidence index…. The nadir over the last five years was in late 2008 and early 2009, improving over the next several years before plummeting in summer 2011. Summer 2011, mind you, was the last time we had a major debt-ceiling crisis.