Board headline index is up over the past four months so vigorously that it is
the second largest four-month climb in
the 405 month history of the index (nearly 24 years).
durable goods index may have raised some questions today the Conference Board report
has blown away any fears we might have that recovery was going to start
Even so the
details of the confidence survey show that there is still a lot of work to do
are uniformly weak. They are- cut anyway you want to - in the bottom single
digits of their respective queues and not much better in terms of their historic
high-low range standings.
the economy is stirring we see consumer confidence in the U of M framework is
improving the Bloomberg weekly survey is near a four-year high and the Conference
Board survey now has joined the good-news club. Expectations for jobs are now
in true normal territory. Income expectations are, however, poor and buying
plans are even worse.
are some clear and decisive improvements there is still a long ways to go.
Still this report is encouraging.