Experts say Americans are so pessimistic about business conditions their confidence has fallen ‘well below the threshold that usually signals a recession ahead’

• Consumer confidence fell for the fourth consecutive month, and consumers' outlook on business conditions and their own income fell to the lowest level in 12 years. The Conference Board says confidence has fallen "well below the threshold…that usually signals a recession ahead."

The Conference Board released its latest Consumer Confidence Survey on Tuesday, which revealed consumer confidence fell for the fourth consecutive month.

Notably, the Conference Board’s...