recursion

From the "no duh" files, The Wall Street Journal is reporting that the wealthy are less worried about the economy than the rich. The Note has the story:

The Wall Street Journal's Jon Hilsenrath reports that "while many average Americans remain wary about the economy, wealthy Americans feel more confident. The University of Michigan's monthly surveys of consumer sentiment show that confidence among the top-third of income earners in the U.S. is up 24% since February. Confidence in middle-income households is up 10% and in the poorest households is down 2%."

Will tomorrow's WSJ report that the sun rises in the East?