US Consumer Confidence: A Very Positive Economic Sign
By Bill Conerly on May 27, 2009 | More Posts By Bill Conerly | Author's Website
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.
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