by firestarter » Tue 31 Jul 2007, 11:11:18
$this->bbcode_second_pass_quote('', 'B')y Rex Nutting
Last Update: 10:00 AM ET Jul 31, 2007
WASHINGTON (MarketWatch) -- U.S. consumers were more positive about the economy and their own finances in July than at any time since 9/11, the Conference Board reported Tuesday. The consumer confidence index rose to 112.6 from a revised 105.3, ahead of expectations of a gain to 106.0. The present situation index rose to 139.2 (also the highest since August 2001) from 129.9 in June, while the expectations index rose to 94.8 from 88.8. The improvement was largely due to fewer consumers expressing pessimism, but the number of optimists also grew. The percentage of consumers saying jobs are plentiful rose to 30.5% from 27.6%, while the number saying jobs are hard to get fell to 18.4% from 20.5%.
I guess record gasoline prices get a collective yawn form the masses.
Sheep being led to the slaughter.