• About
  • Contact
  • Editorial
  • Policies
  • Archives
Angry Bear
Relevant and even prescient commentary on news, politics and the economy.
  • US/Global Economics
  • Taxes/regulation
  • Healthcare
  • Law
  • Politics
  • Hot Topics
« Back

About Scaring that Confidence Fairy Away

Steve Roth | May 29, 2012 7:13 pm

Here’s how:

Non-Farm Payrolls: Image - Bloomberg
From Betsey Stevenson and Justin Wolfers at Reuters, hat tip to Matt Yglesias.
Cross-posted at Asymptosis.

Tags: Steve Roth Comments (7) | Digg Facebook Twitter |

7 replies on “About Scaring that Confidence Fairy Away”

  1. Min
    May 29, 2012 9:02 pm

    OK, I’ll bite. What is consumer confidence? And if that graph really indicates it, why have economists been talking about the lack of confidence all this time?

  2. Min
    May 29, 2012 9:03 pm

    OK, I’ll bite. What is consumer confidence? And if that graph really indicates it, why have economists been talking about the lack of confidence all this time?

  3. Min
    May 29, 2012 9:03 pm

    OK, I’ll bite. What is consumer confidence? And if that graph really indicates it, why have economists been talking about the lack of confidence all this time?

  4. rapier
    May 29, 2012 9:56 pm

    Con Con follows the stock market. When polled people wanting to sound like they know about the economy report their ‘confidence’ based upon how the stock market is doing.  The only time I recall a significant divergence was in the spring and summer of 08 and guess who was right.  Hint: it wasn’t the stock market.  

  5. rjs
    May 30, 2012 4:56 am

    depends on who you ask; Reuters/UofM says its up for the ninth straight month, a new record, Gallup says its at a 4 year high, the conference board’s latest is a 5 month low, & only  33% of respondents to NBC/WSJ believe the economy will get better in the next year, down five points from April and seven points from March…

  6. spencer
    May 30, 2012 10:07 am

    There have been numerous divergences between confidence and the stock market.

    The stock market crash of 1987 immediately comes to mind.

    But the start of almost all new bull markets precedes consumer confidence bottoming by several months.

  7. Nifty Tips
    June 7, 2012 7:42 am

    Stock market is the way to earn more money. It helps to make more money but this depends upon how muh you want to invest in stock market.


Comments are closed.

Featured Stories

Disposable People

Sandwichman

Manufacturing and housing – turn even hotter

NewDealdemocrat

Canceling Outstanding Student Loans in Default

run75441

On Golden Idols

Barkley Rosser

Contributors

Dan Crawford
Robert Waldmann
Barkley Rosser
Eric Kramer
ProGrowth Liberal
Daniel Becker
Ken Houghton
Linda Beale
Mike Kimel
Steve Roth
Beverly Mann
Bill H
NewDealdemocrat
Ken Melvin
Sandwichman
Peter Dorman
Kenneth Thomas
Bruce Webb
Rebecca Wilder
Spencer England
Edward Lambert

Subscribe

Blogs of note

    • Naked Capitalism
    • Atrios (Eschaton)
    • Crooks and Liars
    • Calculated Risk
    • Economist View
    • Hullabaloo
    • Talking Points
    • Memo
    • Washington
    • Monthly
Angry Bear
  • US/Global Economics
  • Taxes/regulation
  • Healthcare
  • Law
  • Politics
  • Hot Topics
  • About
  • Contact
  • Editorial
  • Policies
  • Archives
Copyright © 2021 Angry Bear Blog | Developed by MEV