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February 12, 2010

Consumer Sentiment Unexpectedly Slips in February

The public apparently has a much better grasp of our situation than the media.

U.S. consumer sentiment slipped in early February, with high unemployment expected to continue and with most looking for no gain in income or home values in the year ahead, a survey released Friday showed.
Of course this "unexpected" result would have nothing to do with Obama walking back his tax promises, the reviled ObamaCare remaining un-dead rather than staying dead-dead, or the looming prospects of a "Jobs Bill" that apparently creates no jobs, but will cost a shitload of money. None of those things could possibly have any effect on consumer confidence, so this truly is a real fracking puzzler.






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