October 3, 2010

Is Anything Pushing Consumer Confidence Buttons? -- Seeking Alpha


Is Anything Pushing Consumer Confidence Buttons? -- Seeking Alpha:

Watch the spin! The economy is not in good shape yet we are fed different views depending on the spinner's motive.
"Economists and Presidents expend effort to pump perceptions of the economy. One of President Obama’s initial errors was to bad talk the economy – and the equities market reacted accordingly. Leadership is unable to be candid about the economy. Data needs to be spun.


Even the economic analysis pumped out by the investing industry is spun to the point that the reader’s understanding is distorted. It might be that the population which does not read or listen to news might have a better understanding of economic conditions then those that listen to the news. Do the higher educated let distorted data override observation?"
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