I agree that consumer confidence has a great deal to do with how well the economy is going.
According to what you are saying, people didn't believe Greenspan the genius buy believed Bush the moron. Kind of hilarious. Supposedly, the people don't like Bush, but they are willing to listen to him about the economy collapsing. Trust me when I tell you that Greenspan was saying it way before Bush was even running for the Presidency.
Personally, I have made a decent amount of money lately off of the stock market. Sold a bunch of stuff about 10 months ago after taking pretty decent gains and now everything is in the crapper again, so I am about to go on a buying spree again. Granted, I don't think I have made up what I lost when the market took the initial down turn and my retirement funds look like crap, but I am only 33 and have quite a while to worry about retiring. Hopefully, the economy will have an upswing before I have to retire. Otherwise, I better be investing a lot of money in guns and ammo to fend off the rioters.
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