expansion Archives

Really it’s Recession

By Econ70 | 02/23/2011

U.S. consumer confidence (Conference Board survey) jumped to 70.4 in Feb from 64.8 in Jan; the 5th increase in a row and best level since Feb ‘08. But, we are 20 months into a recovery, and 70.4 is the second lowest level of consumer confidence ever at this stage of the cycle. What is typical…

Better Sentiments

By Econ70 | 02/15/2011

Consumer sentiment came in better than expected in Feb at 75.1 but the expectations component which leads spending growth fell to 67.6 from 69.3 in Jan and all the gains in consumer confidence were in the high income segment; soaring to 88.2 in Feb from 80.7. Sentiment among the lowest income group fell from 72.1…