business news in context, analysis with attitude

The Conference Board, the business research group, reports that its consumer confidence index hit a six-month high of 83.8 for May, up from 81.0 in April, though the outlook for obtaining a job continues to look poor, declining on the index to 67.9 from 75.2 last month.

The boost in the confidence index seems tied to post-war expectations, as well as the rise in stock market prices, and suggest that consumer spending should improve through the end of the year.
KC's View:
Amazing how fragile it all seems, doesn’t it? We think that there's this overriding sense that things could get bad as fast as they could get good…it all depends, to a great degree, on how the wind blows from the Middle East, something over which we have no control.