Wednesday, June 10, 2009

Bloody hell! We do have confidence in confidence itself

In the largest jump in consumer confidence in 22 years The Westpac Melbourne Institute index has rebounded 12.7% from 88.8 to 100.1.

Our positive responses now outweigh our negative answers!

Yet Westpac itself is now forecasting four straight quarters of negative growth - recession for a year:

Westpac Forecasts Westpac Forecasts peter_martin9335