More Consumer Confidence Surprises

You’d think that, in the wake of the strong jobs report two weeks ago, surveys of consumer confidence would start showing some improvement. But no, consumer confidence continues to fall. We’ve already had a thorough discussion about the fact that this probably tells us little about consumer spending, but it’s still interesting news in a “huh, I wonder why?” sort of way. Do consumers really care that much about Iraq? That would surprise me, though I suppose it’s possible.