Michigan consumer index down- surprises economists who expected increase

[papau]

http://money.cnn.com/2005/01/21/news/economy/michigan.reut/index.htm

Michigan consumer index down
Lower sentiment reading surprises economists who expected increase.
January 21, 2005: 10:12 AM EST

NEW YORK (Reuters) - U.S. consumer sentiment eased in early January, according to a survey released Friday.

The University of Michigan's preliminary reading of its consumer confidence index for January was 95.8, down from December's final reading of 97.1, according to market sources who saw the subscription-only report.

Analysts on average had forecast that the index would rise to 98.0. <snip>

[MisterP]

1. boy, when I'm right I'm right:

when it's up, it's the CONFIDENCE index, when it's down, it's SENTIMENT; they started this in 02 or 03

[nadinbrzezinski]

2. aha

all baromenters that used to work no longer do after the Reich gets installed, SPINcity

[TahitiNut]

3. It's not down ... it "eased".

These people are scum. :puke:

They even manipulate the headline to encourage the misinterpretation that this is about the state of Michigan, when it's about the accepted national barometer of Consumer Confidence maintained by the University of Michigan.

[papau]

4. Welcome to world of US Media speak! :-) These folks really are

corporate whores.

[UL_Approved]

5. It will be like the U.S.S.R.

They will propagandize us until we have a total economic collapse. This trend is quite disturbing.

And yes, they use term swap heavily in the article. Yet the business community eats this shit like caviar...

[NYC]

6. Okay, who's surprised?

Anyone?

[The_Casual_Observer]

7. It surprised the economists who expected and increase, apparently

Which might have been no one for all we know. Just maybe they will ease up on the lies and propaganda a little bit now that the bastard has been sworn in.

[NYC]

8. I'm hoping they will ease up on the lies.

But I wouldn't bet on it.