Consumer confidence and the economy
The latest consumer confidence numbers are due out later today and – given the roller coaster week the stock market has endured, and the Congress’s recent debt ceiling decision – they aren’t expected to be great. In such tumultuous times, it’s difficult for anyone to maintain confidence in the economy. But confidence is just what some experts say is necessary to create jobs and keep the markets stable. So, how do we inspire it? We’re speaking with Don Peck, features editor at The Atlantic and author of the new book “Pinched: How the Great Recession Has Narrowed Our Futures and What We Can Do About It.” He tells us how significant confidence is in today’s economy and the impact of over-confidence during the boom time of the ’90s.
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