"In the long run - only short term forecasting is reliable!"
Consumer confidence increasing
On Wednesday (18 March 2009) the Fed announced that it will add more than another $1 trillion to the credit markets this year, a sign of the determination of monetary authorities to do whatever is necessary to get credit flowing once again. And consumers noticed.
A Gallup Poll released today (19 March 2009) shows Americans' increasing confidence and improved expectations for the overall economy in the weeks and months ahead. To see whether this will translate into increased consumer spending plans, subscribe to and receive our next US Consumer Demand Index report.
Dr. Roger Selbert
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