Seemingly fueled by optimism about the war in Iraq, U.S. consumer confidence seems to be rebounding this month.
Investor's Business Daily and TechnoMetrica Market Intelligence reported that their monthly Economic Optimism index rose to 56.4, a 10-month high, from 48.8 last month.
Investor's Business Daily and TechnoMetrica Market Intelligence reported that their monthly Economic Optimism index rose to 56.4, a 10-month high, from 48.8 last month.
- KC's View:
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We’re not surprised by this. Even people we know who have been out of work for months are feeling optimistic about the way the war seems to be going. (Even those who disagreed with the war seem to be feeling optimistic, if only because they find themselves hoping that history will prove that they were wrong.)
The rubber will meet the road if, once Iraq is disposed of, the US economy gets back on track.
