Capital Commerce

Some Good Economic News

By James Pethokoukis

Posted: September 10, 2008

Here are a couple of rays of sunshine, via Reuters. First, the suits seem to be getting a bit more chipper:

NEW YORK—Chief financial officers are more optimistic about the direction of the U.S. economy, but remain concerned about consumer demand and weak credit markets, according to a quarterly survey. Those saying they are less optimistic fell to 41.5 percent, from more than half in the previous survey and more than 72 percent in March.

And the folks at Disney aren't seeing a global recession:

LONDON—Walt Disney Co.'s business is proving resilient in the face of tough economic conditions although the crisis is not over yet, Chief Executive Robert Iger said on Wednesday."Our business has been quite resilient," Iger told journalists at a meeting ahead of the London premiere of "Camp Rock." "Global theme parks have held up extremely well."

Great economic indicator?

Is it the out of a job, out of insurance, out of luck worker that goes to Disney Land?

Or is it only the affluent that have a job, security and money left over to spend on such non-essential self gratification trips to places like Disney Land?

Disney Land attendance is the proper indication of economic progress--or just some dummy whistling in the dark?

Get real!

HillbillyBill of TN @ Sep 11, 2008 07:59:49 AM

Great economic indicator?

Is it the out of a job, out of insurance, out of luck worker that goes to Disney Land?

Or is it only the affluent that have a job, security and money left over to spend on such non-essential self gratification trips to places like Disney Land?

Disney Land attendance is the proper indication of economic progress--or just some dummy whistling in the dark?

Get real!

HillbillyBill of TN @ Sep 11, 2008 07:59:49 AM

Jimmy likes DisneyWorld. He thinks it IS the world.

of @ Sep 10, 2008 11:29:36 AM

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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