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Cornerstone Strategic Value Fun Message Board

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  • falmouthharbor falmouthharbor Mar 28, 2008 12:59 PM Flag

    depression

    The economic data today highlites the paradox in media presentations of financial news.
    The networks are hyping the continued slide in the consumer confidence survey but ignore the fact that consumer spending is not falling.
    The consumer spending number is harder to manipulate since it is based on reported spending hard data.
    But the consumer confidence number is not a government regulated process and can be easily manipulated by both the selection of whom to survey and the political leanings of the responders. Regardless of fact, the responders often provide views which support the political positions of the party they support. And one party in particular has a vested interest in a perception of a crippled economy.

 
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