Falling Consumer Confidence – A Self-Fulfilling Prophecy?
Another report on consumer confidence has been released, indicating a drop to a seven month low. BTW – How in the world do you “forecast” consumer confidence?
I fail to understand the significance of “consumer confidence” data on a personal level. Maybe the pathetic politicians worried about re-election should take notice. Not me. I refuse to participate in confidence deficit analysis.
I suspect that reading reports that many other consumers lack confidence can be counter-productive in other ways, as in misery loves company. Collectively, those lacking confidence in their own future may look outward, expecting others to take the initiative to fix their financial problems.
One person’s lack of confidence may create an opportunity for someone else. That someone else should be me and you.
Here is the link if you like “how miserable are we” kind of stories.