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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: DebtBomb who wrote (256697)6/26/2010 8:50:48 AM
From: Giordano BrunoRead Replies (3) of 306849
 
Consumer Confidence - Party On

It Is Just Surreal Now: UMichigan Consumer Confidence Index At Laughable 76, Highest Since January 2008

The only thing worse than the oil flowing out of the GoM gusher, is the BS now openly flowing out of the government propaganda machine, which has jumped the shark beyond all semblance of credibility. How consumer confidence in May was the highest in over two years, at 76, higher than April's already ludicrous 73.6, and highest since January 2008, is not even worthy of commentary. It must have been the flash crash, the BP oilspill catastrophe, the market's 10% drop and Europe's bankruptcy that really pushed consumer confidence to that near record level...

zerohedge.com
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