Today’s article is entitled Consumer Confidence Is Soaring. Three charts, from the Conference Board, the University of Michigan, and Bloomberg all indicate that U.S. consumer confidence is approaching record high levels.
You can read the article by clicking HERE
The Calafia Beach Pundit is Scott Grannis, who regularly writes an insightful and informative economic-oriented blog. Scott was Chief Economist from 1979-2007 at Western Asset Management, a Pasadena-based, global manager of fixed-income portfolios for institutional clients. He continues to keep up on economics, markets, and politics from his condo overlooking Calafia Beach on the southern California coast, where he likes to think that he is immune to Wall Street group-think. He is a believer in supply-side economic theory, as practiced by his mentors, Art Laffer, Larry Kudlow, and the late Jude Wanniski. John Rutledge is another of his mentors, from the days that they worked together at Claremont Economics Institute.
