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Barrons.com: No War, Economy Expanding

Posted on June 26, 2008

Long time readers know I am a fan of Barron's, and frequently referencethe usually fine Econoday updates of daily economic data. But the NYT's Floyd Norris points to what can only be described as the single most absurd commentary on Sentiment data you will likely read in your lifetime. Consumer confidence is unusually low, at its fifth all time worse reading in 40 years of Conference Board data. The Conference Board's consumer confidence index literally plunged in June, down nearly 8 points to 50.4. The expectations component is at a record low of 41.0, down more than 7 points, with the prese...

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