Another Hit to the Department of US Economic Misinformation

Some of you may remember my post talking about the discrepancy between government data and privately polled data, I said the private pollsters like Gallup "have no dog in the fight" and their business model depends on credibility. Well where the Department of Bull-S (meaning bullish on the economy of course) has just taken another hit as Gallup finds Consumer confidence has dropped in February, despite the Fed's market manipulation "Wealth Effect", or maybe it's because the market hasn't done much since February (the S&P has returned 1.26% in the last 25 trading days, the start of February or 5 trading weeks).

Here's Gallup's Tracking Poll

"The largest drops in optimism in February were among those 65 or older (down five points) and among upper-income Americans and those aged 50 to 64 (down four points each). "