Consumers: The world is not ending

May 26, 2009

That, I think, is the message from today’s big jump in consumer confidence. The Conference Board’s index vaulted by 14.1 points in May, following a gain of 13.9 points in April. The overall index now stands at 54.9. That’s double the February level of 25.3, a level which looks more and more like the nadir. But there is one whole long stretch of road between economic Armageddon and a robust recovery. We have avoided the former but we are nowhere near the latter. Let me know when consumers start spending ….


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I wonder what kind of questions and who is being polled with this questionaire? I do feel better about the envirnoment, keeping oil down through green invetments, but with unemployment at these levels, no new hiring and an auto industry in turmoil, who feels financially secure? The auctions in Florida of the riches assets sold far below even the opening bid? I believe these numbers are tainted in some way, because realistically, I do not see anything good on the horizon except his Green Policy. That is fantastic.

Posted by dean zografakis | Report as abusive

In your currency. Joe was good to me, when you donate

Posted by sujin | Report as abusive