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12.30.2014 Consumer Confidence Misses Bookmark

I don't put much faith in any of the more goofy economic reports, especially the "consumer confidence" report. Talk about something they can make up out of thin air!  But I find it almost ironically funny that today the Consumer confidence number missed the estimates, despite the fact that Gasoline is selling for 2.29  and the stock market is at all time highs
I don't put much faith in any of the more goofy economic reports, especially the "consumer confidence" report. Talk about something they can make up out of thin air!  But I find it almost ironically funny that today the Consumer confidence number missed the estimates, despite the fact that Gasoline is selling for 2.29  and the stock market is at all time highs.

One would have thought that if reports like CC were worth the energy to produce them, that having all time stock markets and 6 year lows in energy prices would be a good thing. So that either means the number fudgers blew it, OR... people are in such dire shape paying for their Christmas gifts that they just can't find anything to be confident about. Go figure.

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