US Consumer Confidence: A Very Positive Economic Sign

Tuesday’s report on consumer confidence lends credence to economic forecasts that call for a recovery soon.

This is a big enough improvement in consumer attitudes that I’m confident it’s not just a temporary blip.  Although consumer confidence isn’t the only thing to worry about, recall that the housing crash itself did not send us into recession; it was the collapse of consumer spending that pushed us over the edge.  Now we’re likely to see an improvement-not a return to the exuberant spending of 2005, but a measured increase in spending.

Subscribe by RSS Subscribe by Email