Book Club: Who Cares How Consumers Feel? | Talking Points Memo

Each month, we are treated to the release of several surveys of consumer sentiment. The most prominent come from the Conference Board and the University of Michigan. Markets and media treat these numbers as vital metrics about the health of the economy and its forward prospects. Investment funds pay for early access to the data. Negative readings are often treated as indicators that consumers are about to pare back their spending, while better reads are interpreted as positive signs for the weeks and months ahead.

This is a companion discussion topic for the original entry at