Tuesday, February 23, 2010

Consumer Confidence

Here's a story, hot off the Stenographer Associated Press.

NEW YORK – A monthly poll showed consumers' confidence took a surprisingly sharp fall in February amid rising job worries. The decline ends three straight months of improvement and raises concerns about the economic recovery.

Really? No Fuckin' shit, huh?

"The combination of earnings and job anxieties is likely to continue to curb spending," Lynn Franco, director of The Conference Board Consumer Research Center, said in a statement.

Wow! Sounds like Lynn has his finger on the pulse. What I'd like to know is who pays this asshole's salary, and just why would anyone pay for such a belaboring of the obvious.

Those saying that jobs are "hard to get" rose to 47.7 percent from 46.5 percent, while those saying jobs are "plentiful" decreased to 3.6 percent from 4.4 percent.

Call it a hunch, but I think that those 47.7% are exactly the same guys that can't find a job. Think?

Economists watch the confidence numbers closely because consumer spending accounts for about 70 percent of U.S. economic activity.

No. These "economists" watch the "confidence numbers" closely because someone pays them to do it. And if they weren't "watching the numbers", they'd have to go out and find a real job.


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