Dashboard for the Leading Network of Stock Market and Personal Finance Blogs

Visit Seeking Alpha

Weird Sentiment Claim: War-Free Economic Expansion

Posted on June 26, 2008

Long time readers know I am a fan of Barron's, and frequently reference the 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 presen...

Original article link


economic data