Consumers shrugged off higher gasoline prices in April and sent a widely watched barometer of consumer confidence to its highest level in almost four years, a private research group said Tuesday.
[snip]
"Improving present-day conditions continue to boost consumers' spirits," said Lynn Franco, director of The Conference Board Consumer Research Center in a statement. "Recent improvement in the labor market have been a major driver behind the rise in confidence in early 2006. Looking ahead, consumers are not as pessimistic as they were last month."
I just don't buy this shit, so I looked up The Conference Board. Yeah, another conservative think tank headed up by CEO's from major consumer, insurance, and finance companies with a vested interest in creating the illusion of consumer confidence.
With the way this governmnet cherry picks research reports and findings, one has to read between the lines very carefully these days.
1 comment:
That's enlightening, because among the other business reports on radio today announcing that condo & home sales had fallen, was that "consumer confidence" thing, & it didn't sound kosher.
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