Menu
Share
Share this story
Close X
 
Switch to Desktop Site

Consumer confidence hits six-month low. Wall Street bonuses up 17 percent.

(Read article summary)
View video

Paul Sakuma/AP/File

(Read caption) A shopper passed by an advertisement last week at NewPark Mall in Newark, Calif. A monthly poll Feb. 23 shows consumers' confidence took a surprisingly sharp fall in February amid rising job worries.

View photo

I find it delightfully ironic that both of these headlines came out within 24 hours of each other. 100 years from now, economists will still be trying to make heads or tails of this dichotomy.

CNN Money - February 24, 2009: 10:27 AM ET Consumer confidence plummets

About these ads

Wall Street Journal - FEBRUARY 23, 2010, 9:32 A.M. ET Wall Street Bonuses Rise 17%

John Edwards may be a lightweight, populist-baiting adulterer, but he may have been onto something with his "Two Americas" thing...

This is what happens to an economy when the senior figures in charge of the money decide to stimulate banks and treat small businesses as an afterthought. Partisans can say whatever they want, the data is the data.

With a recoveries like these, who needs recessions?

Add/view comments on this post.

------------------------

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.