Bubble watch: Another dip in California consumer confidence.

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.
Buzz: California consumer confidence continues to sink.
Source: The Conference Board
The trend
The consumer confidence index for California was at 108.5 for July, down from a revised 111.5 for June and down from 119.7 a year ago. This poll shows California optimism falling in four out of the last six months.
The dissection
Let’s look at two measures inside the California index &hell