Confidence: Recovery Likely SoonThe end of the recession should produce a rebound in confidence. However, with consumer fundamentals so weak, that rebound will come only slowly and gradually. In fact, it is not clear it has begun. The University of Michigan index is the only one showing any apparent upward trend, and even that is improving only gradually. That said, confidence is clearly above its spring cyclical lows, and absent an economic relapse, there seems little chance those lows are threatened....
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