ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN PROF. SKOSPLES' ECONOMIC SYSTEMS COURSE AT OHIO WESLEYAN UNIVERSITY
Tuesday, November 30, 2010
Optimism for '11 pushes consumer confidence higher
This article talks about how consumers are more confident in the economy then in the previous 5 months. These reports come out despite the weakening in home prices, and also the high unemployment within the economy. The consumer confidence board said that consumer confidence has gone up 5% according to their polls, I wonder if this is more of a holiday thing and that the resurgent in the market is from the holiday season.
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I believe it might be a combination of both. The economy is recovering slowly, but at the same time many companies count on huge holiday season sales to boost revenues and profits. A strong buying season is exactly what many of these companies need to get back on their feet.
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