Today’s WTF Headline: Festive Consumers

This one sent coffee out my nose:

Consumers in a Festive Mood as the Holiday Season Approaches
Conference Board, Nov. 20, 2007
http://www.conference-board.org/utilities/pressDetail.cfm?press_ID=3265

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Festive? Really?

Perhaps the Conference Board can explain this:

Americans enter holidays in dark mood: Reuters poll
http://news.yahoo.com/s/nm/20071121/ts_nm/usa_poll_dc_2

or this:

Cons_sent_oct_07

Graphic courtesy of Barron’s

Category: Consumer Spending, Psychology, Retail

Breaking the Business Week Cover Curse?

It’s A Low, Low, Low, Low-Rate World. No, really — it is. The yield on the 10 Year was under 4% this morning — briefly kissing 3.99%. You may be noticing about now that this lies in stark contrast to our prior discussion of Rates and the Magazine Cover Indicator (for more on the magazine…Read More

Category: Contrary Indicators, Federal Reserve, Financial Press, Fixed Income/Interest Rates

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