How Do You Feel? Does the Economy Care?Submitted by Smaulgld.com on Mon, 06/17/2013 - 10:14
Today’s Empire Fed index showed a very positive sentiment reading despite the economic data showing:
Unfilled Orders down
Delivery Time down
Number of Employees down
Avg Workweek down
Expected number of employees down
Nearly all the economic indicators in the report were down yet, sentiment was up!
How people feel is often disconnected with reality. Hope springs eternal.
When a baseball manager asks a pitcher who is taking a shelling on the mound “how do you feel?” He doesn’t say “my slider ain’t working and I am getting hit bad” Instead he responds “I feel good coach”.