Joe Six-Pack Don\'t Feel Like Buying

Tuesday, June 25 2002

Contributed by: dbsmall

Everyone knows there's a relationship between consumer confidence and unemployment changes. Once upon a time, gubment tried to impact consumer confidence by creating jobs. Now, they seem to try to steer it the other way---"everybody, buy, buy buy..." But Mr. Sans-a-job or soon-to-be isn't likely to be in such a buying mood. (And isn't this approach one of the reasons Japan's economy's in the dumper?)

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