Updated continuously by citizens like you, Newsvine is an instant reflection of what the world is talking about at any given moment.
Article Source: MarketWatch.comHere’s a shocker: If you run headlines all day every day for a month saying the economy may go to hell because the government can’t get its act together, people pay attention.
They really pay attention when the value of their retirement savings drops by 10% or 20%. And they get downright discouraged when they hear top officials admit that nothing is going to get better for a long, long time.
While surveys show that we’re plenty fed up, the hard economic data on actual activity don’t show a severe decline in August. Weekly jobless claims data, weekly chain store sales and other tentative reports are soft but they aren’t nearly as gloomy as the surveys of consumers’ moods suggest they should be.
There’s a large gap between how we are actually doing and how we feel.
That’s actually the good news...
#1 - Tue Aug 30, 2011 11:33 AM EDTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
Log In | Register
