Consumer sentiment

There are many good reasons that economists pay most attention to revealed preference. Stated preference results are usually all over the place.

You have to love it that today's markets wanted nothing to do with today's 13-year low consumer sentiment reading. In fact, they ran the other way. This is all nicely summarized at macroblog.

http://macroblog.typepad.com/macroblog/2005/09/consumer_sentim.html