Friday, August 5, 2011

Economy: In Consumers We Trust V

If we believe the media the U.S. economy is very weak and approaching the next recession. But the news from the consumer front is still encouraging.

The blog platform Seeking Alpha writes that amusement park operators reported higher admission revenue for July:  Cedar Fair +5%, Six Flags +9% and Disney +5%. The king of the month was Comcast's Islands of Adventure's park which impressed with a 20% gain over the last year.

The data show that the consumers are still willing to have fun and to spend more money for it. It seems they don`t share the fear we see on the financial markets now. Maybe investors could learn from the consumers.

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