CNN/Money One for credit card only hard offer form at $9.95 One for risk-free form at $14.95 w/ $9.95 upsell  
Commentary > HaysWire
graphic
Does it feel real?
The numbers say the economy is taking off, but the perception isn't there.
June 17, 2004: 8:28 AM EDT

NEW YORK (CNN/Money) - Call me kooky but I'm wondering if I'm not the only feeling that the economy -- or at least the people in it -- is a bit contradictory lately.

The ABC/Money Consumer Comfort Index edged down to -20 on its scale of +100 to -100 last week and is just off the 2004 lows of the year. Okay, I know it's just another one of these consumer confidence indexes that leave us all wondering if we should pay attention or not. But there it is.

Meanwhile, the economic reports from the government and the head of the Federal Reserve, Mr. Alan Greenspan himself, tell us that the jobs are growing and we are definitely set for some nice upward momentum.

I know there's a lag between actual economic changes and perceptions of them. I know that people often say one thing, like: "I don't feel so great about this economy but I'm going to keep shopping anyway."

But it's also true that there are still lots of long-term unemployed and that wages are growing, on average, sluggishly. So maybe that's why we still hear people saying things don't look so hot, even when many economists say the economy's lookin' pretty cool.  Top of page


Kathleen Hays anchors CNN Money Morning and The FlipSide, airing Monday to Friday on CNNfn. As part of CNN's Business News team, she also contributes to Lou Dobbs Tonight.




  More on COMMENTARY
Yes Virginia, there is a Santa Claus rally
Thanks for nothing, Corporate America
It's not just the economy, stupid
  TODAY'S TOP STORIES
7 things to know before the bell
SoftBank and Toyota want driverless cars to change the world
Aston Martin falls 5% in its London IPO




graphic graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.