When all you read is gloom, turn here for a much different perspective.

Wednesday, March 18, 2009

Consumer Confidence Makes Up Huge Ground

Last week you noted that consumer and investor confidence were up significantly. But taking a closer look at the data reveals just how significant the confidence bounce was.

In fact according to the archive of Rasmussen Confidence Index data, it only took five days last week for the daily index to make up almost all of the ground it had slowly lost over the past five months. (Click to enlarge chart)

You've seen how consumer spending drives recovery. Here's just one more data point leading us out of the winter doldrums into a much cheerier spring and summer.

1 comment:

  1. Since much of this is psychological, if it is good, very good. gloom bad, cheer good.


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