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April 25, 2006

Consumer Confidence At Highest Level In Four Years

...while a majority of Americans still rate the economy as "poor."

Hmmm... most think that personally they're doing very well, and they have the best sort of first-hand economic evidence for that: their own finances.

And yet they have been somehow convinced that for everyone else the economy is terrible and we're actually still in a recession or "jobless recovery."

Gee, how do you think that people's views on the macro-economy diverge so greatly from their views of their own personal micro-economy? It's almost as if -- stay with me here -- there is some large, influential organization or collection of organizations constantly telling people that the broader economy is just plain at near-depression levels, despite what the testimony of their paychecks and bank accounts may tell them.

But that's a silly notion, because what sort of large, influential organization or collection thereof would have the sort of power and the political motivation to present the public with a false picture of the economy? I can't think of any.

It's truly a mystery, a bona-fide puzzler, one that we may never have a good answer for.


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posted by Ace at 01:23 PM

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