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Consumer sentiment is up (stock market up today as a result according to media, lol); I'm not sure why, however. Perhaps consumers are not so bright. Home prices down almost 20% this last month.
Quote from: Ben Yehuda on May 26, 2009, 02:09:18 PMConsumer sentiment is up (stock market up today as a result according to media, lol); I'm not sure why, however. Perhaps consumers are not so bright. Home prices down almost 20% this last month.Consumer Sentiment has become less and less relevant as a leading indicator. Sentiment is up... because the media tells them that there is HOPE. Just like sentiment was at an all-time low in late October... because the Media wanted them to think that.This is why C.S. has become a near worthless indicator of the economy... but an excellent indicator of media bias.The Real Estate values are 100x more meaningful indicator right now.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
Lets hope his approval rating with g-d goes down as well so he can get the ultimate punishment relieving the state of Israel of the pressure this black muslim is applying to it.