Lynn Franco, Director of The Conference Board Consumer Research Center stated:
Consumers’ assessment of the current state of the economy is relatively unchanged, primarily because labor market conditions have yet to significantly improve. And, despite the uptick in Expectations, consumers continue to be quite concerned about the short-term outlook. Both present and future indicators point toward more of the same in the coming months.Here's where the Index fails. It doesn't detect the QE2 that Bernanke is about to launch. That launch, though ultimately very inflationary, will boost the Index numbers.
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