Tuesday, June 29, 2010

What's Confidence?

The Conference Board Consumer Confidence Index (CCI) fell sharply in June.  The index fell 9.8 points from 62.7% in May to 52.9 in June.  If you turn on CNBC you will notice a small panic and talk of supporting stimulus programs.  This is a pretty good sign that the recession is about to get nasty.  Also a look at the yield curve reveals that a contraction is forthcoming.

1 comment:

  1. without confidence their can be no sustainable economic recovery.