Comments on: Fed Watch: Consumer Confidence http://wallstreetpit.com/10327-fed-watch-consumer-confidence Wed, 08 Feb 2012 22:13:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Frank Fitton http://wallstreetpit.com/10327-fed-watch-consumer-confidence#comment-64526 Frank Fitton Mon, 14 Sep 2009 18:25:14 +0000 http://wallstreetpit.com/?p=10327#comment-64526 This is extremely significant because I think that people’s attitudes are the thing that needs to change first for us to get out of this recession. People need to feel confident that things are going to improve, and thus start taking what can be amounted to “financial chances” that will help spur our economy out of this hole. People need to have confidence in the stock market so that they start investing. People need to regain confidence in the housing market so that they aren’t scared to buy a home. These are the types of attitudes that will cause things to get better. Its not going to be an instant thing, but I'm glad for some good news finally that we're headed in the right direction. Once confidence gets up than that seed will be planted in the mind about thinking about going out and spending some money. From there the natural course of action will ensue. Check out my blog on the surprising rise in consumer sentiment at.... http://www.thedebtgazette.com/2009/09/consumer-sentiment-rise/ This is extremely significant because I think that people’s attitudes are the thing that needs to change first for us to get out of this recession. People need to feel confident that things are going to improve, and thus start taking what can be amounted to “financial chances” that will help spur our economy out of this hole. People need to have confidence in the stock market so that they start investing. People need to regain confidence in the housing market so that they aren’t scared to buy a home. These are the types of attitudes that will cause things to get better.

Its not going to be an instant thing, but I’m glad for some good news finally that we’re headed in the right direction. Once confidence gets up than that seed will be planted in the mind about thinking about going out and spending some money. From there the natural course of action will ensue.

Check out my blog on the surprising rise in consumer sentiment at…. http://www.thedebtgazette.com/2009/09/consumer-sentiment-rise/

]]>