“Let me tell you about the very rich,” F. Scott Fitzgerald supposedly said, oozing envy. “They’re different from you and me.”
Ernest Hemingway, terse as always, cracked, “Yes–they have more money.”
And apparently more confidence about the future.
That’s the conclusion of the latest McDonald Financial Group Affluent Consumer Confidence Index, conducted Dec. 18, 2004, to Jan. 7, 2005. If the confidence of those with investable assets of $500,000 or more and a personal annual income of at least $150,000 holds, it will quickly translate into good things for us working stiffs. Here’s why:”
– It looks as if the economy and business itself is undergoing change. It seems as if the pendulum is beginning to swing the other way. Of course the doubts around Iraq, the federal budget and the housing market bubble all remain. Other then that things are just dandy! -ed.