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Tuesday, Oct 29
Consumer Confidence falls sharply to 71.2
Oct Consumer Confidence
vs. 75.0 consensus; 80.2 in Sep (revised).
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Because of the shutdown? Never been a fan of Fleetwood Mac, but these lyrics immediately came to mind:
Tell me, tell me, tell me lies
Tell me lies
Tell me sweet little lies
(Tell me lies, tell me, tell me lies)
Oh, no, no you can't disguise
(You can't disguise, no you can't disguise)
29 Oct, 11:13 AM
Ask what the headlines were on the day they took the confidence survey, and one will know immediately whether it's going to be up or down. It's that stupidly silly, and equally meaningless.
29 Oct, 11:26 AM
We're supposed to believe that the "man on the street" was worried that funding for the Department of Health and Human Services was temporarily delayed for 17 days, and THAT was what whacked consumer confidence!?
Maybe it's because a third of the people he knows still can't find full-time work, and because he just got reduced to 29.5 hours due to Obamacare.
29 Oct, 11:49 AM
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