Always refreshing to find an article that identifies the Wall Street propaganda machine. Keep in mind that most of these shill economists are on the FED payroll. The latest U.S. corporate insider trading data now shows that major CFO's are now selling big-time - definitely a sign of economic non-confidence.

Regards - VHF

-

Why Do These Clowns Still Have Jobs?

Michael Panzner

February 23, 2010

Earlier today, the Conference Board published its consumer confidence index for February, and the "experts" were -- shall I say -- "shocked" to learn that consumers are not as upbeat as they are about the state of the economy.

As before, the Present Situation index -- which represents an average of responses to questions about current business and employment conditions -- remained in the doldrums, hitting its lowest level since February, 1983.

In fact, the percentage of respondents who claimed that business conditions, in particular, are "good" fell to 6.2 percent, an all-time low. No doubt that very small group of optimists includes stock traders, "strategists," economists, policymakers, and Washington lobbyists.

Tell me again, why do these highly-paid clowns -- er, forecasters -- still have jobs?