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A web log based on the principle that a civilized society deserves democratic government based on integrity. The premise here is the U.S. democracy has effectively been subverted by oligarchical forces which must be opposed with facts and rational thought. (An RSS feed is recommended.)

Tuesday, July 31, 2012

Rise in Consumer Confidence Explained

A decrease in gas prices has apparently contributed to a rise in consumer confidence.  As one consumer analyst points out, however, consumer confidence is still not great.


Via Bloomberg News On line --


“Consumers are definitely getting some benefit from lower gasoline prices and that is freeing up some income,” Gus Faucher, a senior economist at PNC Financial Services Group Inc. in Philadelphia, said before the report. “Confidence is OK, it’s not great. We need better job growth.”


 See post below.


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