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hello today i want to talk about consumer confidence i specifically want to describe for you what the index of consumer sentiment is this is pretty straightforward so letamp;#39;s just get right to it it is a survey it is conducted by the university of michigan they asked participants five simple questions the first question is you know thinking about you and your family financially are you better off today than you were one year ago simple question question two again thinking about you and your family financially do you feel like you will be better off a year from now than you are currently question three thinking about business conditions here in the united states thinking about whatamp;#39;s going to happen over the next 12 months do you think we will see good times bad times or what and yes or what is part of the question they leave it a little ambiguous to allow the survey participant to expand and give more detail than just good times or bad times question four thinking about t