I might be about 35 minutes late, so ill leave it up to the mods to interpret.
While there are still deep concerns regarding real estate, some cheerful news has surfaced none the less. US consumer confidence is at a 16 month high (since the beginning of the crash). While this is no reason to assume that everything will be "peachy" from here on out, things are surely better than they were.NEW YORK (Dow Jones)--U.S. consumer confidence rose for the third consecutive month in January, according to a report released Tuesday.
The Conference Board, a private research group, said its index of consumer confidence increased to 55.9 in January from a revised 53.6 in December, which was originally reported as 52.9. The January reading was better than economists' projection of 54.0, according to a survey conducted by Dow Jones Newswires.
Consumer expectations for economic activity over the next six months increased to 76.5 from a revised 75.9, first reported as 75.6.
Sentiment about the current labor markets improved in January. The percentage who think jobs are "hard to get" fell to 47.4% from December's 48.1%. And those who think jobs are "plentiful" rose to 4.3%, from 3.1%.
The employment outlook showed signs of expected stability. The percentage of consumers expecting more jobs in the months ahead fell to 15.5% from 16.4% in December, while those expecting fewer jobs fell to 18.9% from 20.6%. But those expecting the same number of jobs in the next six months rose to 65.6% from 63.0% in December.
I now await the haters