Detailed text transcripts for TV channel - MSNBC - 20121013:17:27:00
As we head into the holidays. >> the question does this continue? >> there is an index called the michelin index of consumer expectation. that's the index we should be looking at. that forecasts how the consumer is going to be thinking six months in advance. that index was up to 79.5. that's the highest it's been since july of 2007. >> all right. well, consumer confidence seems to be back. but when you talk about businesses, they seem to be still holding back on hiring why is that? >> right. well, a report came out by the manufacturers alliance for productivity and innovation. i just wanted to...
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