Jebus I love how the media spins good news:
That’s the Reuters headline from Google News’s #1 return on a search for “consumer confidence.” Want another example?
That’s from CNNMoney.
What’s the horrible news that’s destroying the bond market?
Consumer confidence – and spending – are up. Retail sales are up. So is the dollar.
THE SKY IS FALLING! THE SKY IS FALLING!
For some, apparently, there cannot be good economic news. It might lead to Republicans getting credit! Can’t have that.
Well, I’ve done my part to assist. I spent a few hours yesterday buying a new truck. I didn’t help out Ford or GM this time (sorry, JimmyB), I bought a made-in-Tennessee Toyota Tundra, which I have committed to making payments on for the next five years.
How’s that for “consumer confidence?”