Tuesday, December 27, 2011

Confidence Upswing Continues

Bloomberg details:

Confidence among U.S. consumers rose in December to the highest level in eight months as an improving job market helped regain all the ground lost following the mid- year government budget battle and credit-rating downgrade.

The Conference Board’s index increased to 64.5, exceeding all estimates in a Bloomberg News survey and the highest since April, from a revised 55.2 reading in November, figures from the New York-based private research group showed today.

1 comment:

  1. I believe that many of Ronald Reagans ideas like trickled down economics have failed. What we have had the last thirty years or so is trickle up economics that is all the income has gone from the poor and middle class to the super rich.