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Posted By: T206Collector

If consumer confidence is up -- and not just up, but "sharply" up -- last month, it is only because it had nowhere else to go.

Anybody that is interested in any number of measures can just google "consumer confidence" and see what I did -- i.e., that housing (down) and oil (up) prices have hurt tremendously.

Here's a random article; and the Consumer Confidence Index issues its next report tomorrow.

http://www.msnbc.msn.com/id/21707442/

It is one thing to suggest that altered card concerns may impact people's spending habits without any evidence supporting the claim; it is another thing entirely to suggest that the economy is booming in light of overwhelming evidence to the contrary.