Friday, May 05, 2006

Data Points

Does anyone find it as odd as I do that you can have a lower consumer confidence number, but increased spending or a higher productivity number coupled with higher employment cost? Doesn’t seem to make a lot of sense does it. I have pointed this out before that I think in a world with almost instantaneous access to information Consumer Sentiment surveys seem a bit outmoded and only seem to prove that what people say and what people do are often very different. Most polls are set up to create a certain response, and people will often tell the pollsters what they want to hear. The pollsters like most of the media are focused on doom and gloom where as up to date sales data simply is what it is.

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