Comments on: The Consumer Confidence Index - You Can Fool Some People Sometimes http://www.theundergroundinvestor.com/2006/10/04/a-you-can-fool-some-people-sometimes/ The definitive investment blog for investment news not discussed in the mainstream media Tue, 06 Jan 2009 21:47:08 +0000 http://wordpress.org/?v=2.7 hourly 1 By: J.S. http://www.theundergroundinvestor.com/2006/10/04/a-you-can-fool-some-people-sometimes/comment-page-1/#comment-100 J.S. Thu, 05 Oct 2006 14:02:07 +0000 http://www.smartknowledgeu.com/blog/2006/10/04/a-you-can-fool-some-people-sometimes/#comment-100 Hi Quentin, Actually I share much of your pessimism when it comes to the U.S. markets despite the Dow reaching "all time highs" as the media likes to exclaim. I think of the high levels of consumer confidence right now as irrational exuberance. -J.S. Hi Quentin, Actually I share much of your pessimism when it comes to the U.S. markets despite the Dow reaching “all time highs” as the media likes to exclaim. I think of the high levels of consumer confidence right now as irrational exuberance.
-J.S.

]]> By: Quentin http://www.theundergroundinvestor.com/2006/10/04/a-you-can-fool-some-people-sometimes/comment-page-1/#comment-98 Quentin Thu, 05 Oct 2006 02:24:36 +0000 http://www.smartknowledgeu.com/blog/2006/10/04/a-you-can-fool-some-people-sometimes/#comment-98 I'm new to these Personal Fnance BLOG world, but I certainly like to think about finance, saving and investment...and for the last few years, I have been interested in the "bubble" and consumer driven country we have actually always been through my life of 48 years. I am not sure I fully agree with your assesment of consumer confidence....not because I think it is in fact very meaningful on the broader picture...but because I feel our gluttony of consumption is the very thing that has kept the economy afloat for the past 10 years or so....and I actually think that it is unfortunately currently one of the only "value adds" our country has in the world....when we lose that and become #2 or #3, they will not need us and they will not buy our government bonds so willingly..... Without us now, the world economy would collapes....so the other countries need to buy our bonds to keep us solvent. The tipping point will be our dropping from the #1 consumer spot....then we will either quickly slide, ot perhaps crash. So the consumer confidence number is important...in so far as we have to keep our #1 status. (IMHO) Sorry for the pessimism....I hope I'm all wet too! I’m new to these Personal Fnance BLOG world, but I certainly like to think about finance, saving and investment…and for the last few years, I have been interested in the “bubble” and consumer driven country we have actually always been through my life of 48 years.

I am not sure I fully agree with your assesment of consumer confidence….not because I think it is in fact very meaningful on the broader picture…but because I feel our gluttony of consumption is the very thing that has kept the economy afloat for the past 10 years or so….and I actually think that it is unfortunately currently one of the only “value adds” our country has in the world….when we lose that and become #2 or #3, they will not need us and they will not buy our government bonds so willingly…..

Without us now, the world economy would collapes….so the other countries need to buy our bonds to keep us solvent.

The tipping point will be our dropping from the #1 consumer spot….then we will either quickly slide, ot perhaps crash.

So the consumer confidence number is important…in so far as we have to keep our #1 status. (IMHO)

Sorry for the pessimism….I hope I’m all wet too!

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