There was actually some good news that came out today. Consumer confidence rose slightly in March. This is a very important factor for our current economic conditions because much of the driving force of this recession is the actions of consumers that are being driven by fear. Once people start having more confidence in the economy, both in present conditions and in their expectations for the future, their spending will increase and economic conditions will improve as more money works its way into the market.
(You can click on the image to see a readable version of the graph)
We're not talking about a huge increase, but at this point any positive news is welcome.
5 comments:
I know I've been feeling a little bit more calm as of late! I'm not sure what has even made me feel that way, but I hope everyone gets that same feeling!
We tried to do our part by purchasing a new mattress. Okay, so maybe we've just been putting it off for 4 years. I'd rather go with the self-sacrificing story, however!
I'm excited to read your blog!
So does this mean it would help the economy for me to go out and go on a spending spree??? :)Hmmmm, I wonder if I could sell that to Bruce...
Mitzi, I'm not touching that one with a ten foot pole.
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