Confidence – A long-term trend lower

October 25, 2011
  • One can’t help but notice the continual disappointments in all of the consumer confidence prints
  • The disappointment du jour was from the conference board which came in at 39.8 vs. and expectation of 46.
  • Fortunately this data doesn’t correlate or generally matter with regard to actual economic activity, GDP growth, and corporate earnings.
  • Aside from the economic impact, it is interesting that consumer confidence continues to trend lower over time. An interesting philosophical question about why we are simply less confident in the future here in the US?

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