Consumer Confidence Soars

July 03, 2004 (PRLEAP.COM) Business News
Los Angeles, CA – The Conference Board's Consumer Research Center reported today that consumer confidence is at its highest levels in two years. Since consumer spending accounts for more than two-thirds of the U.S. economy, this bodes well. Consumers believe that the job market has turned the corner.

"The American economy has finally recovered from the dot com bubble burst, as well as the attacks of 9/11 and the Iraq War,' said Richard M. Krawczyk, Ph.D., author of the #1 bestselling book Financial Aerobics: How to Get Your Finances into Shape (Cavalier Publishing). "The economy is robust and should continue to move in a positive direction. It will most certainly help the current administration in their hopes for re-election this fall.'

"It is doubtful that the Federal Reserve will take drastic steps to slow down this economy,' said Dr. Richard. "They will more than likely take a measured pace to combat inflation and slightly increase rates over an extended period of time. It usually takes about 7-9 months to feel the true effect of any change in interest rates. However, I would expect another small increase of .25% within the next few months.'

About Dr. Richard
Richard M. Krawczyk, Ph.D. (pronounced Krawf-check) a/k/a Dr. Richard – America's Financial Fitness Trainer™ is the publisher of The Report and is one of the nation's leading experts on personal finance and consumer credit. On May 17, 2004, Financial Aerobics topped's bestseller list, where Dr. Richard was crowned the "Dr. Phil of Finance' and outsold perennial financial mainstays such as Rich Dad, Poor Dad. He is a former investment banker and now runs the consulting firm of Dr. Richard Enterprises, based in Los Angeles.

Dr. Richard is available for interviews.

Media Conatct-
Tom Brennan
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