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| Name: |
GoneFishin
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| Subject: |
Great News For Your Weekend From Jelly
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Date:
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5/25/2012 11:37:26 AM
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This is positive news that we are leaving behind the economic disaster of Bush's final year.
LA Times
Consumer confidence surged in May to highest level since 2007. By Jim Puzzanghera
May 25, 2012, 7:43 a.m.
WASHINGTON -- Despite Europe's economic troubles, American consumers are feeling better about the economy than at any time since the start of the Great Recession.
Consumer confidence surged in May to its highest level since October 2007, the ninth-straight monthly increase, according to the latest Thomson Reuters/University of Michigan Survey of Consumers released Friday. "Europe is in recession and China is slowing....But the American consumer is unmoved. In fact, they are downright optimistic," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi in New York. "Consumer confidence at a new high should make us more certain that the consumer will continue to lead this recovery going forward."
Entire article for the doubters:
http://www.latimes.com/business/money/la-fi-mo-consumer-confidence-20120525,0,1656918.story
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