“Hey, Look, The Stress Tests Really Weren’t Stressful Enough”
No. Really? You mean no one figured that it was a facade to take credit for bogus BS in the first place?
“Supporting the basic economic principle that one doesn’t buy discretionary goods when one doesn’t have a job, the absolute performance of the S&P 500 Consumer Discretionary index decreases when jobless claims increase.”
Yeah! What he said! (one of the other stories on your link about jobs) Like I said, the “frippery slope”
We have had a consumer economy for 20-30 years at least instead of a sustainable economy. IMHO. Things have been getting to where they are now for a lot longer than anybody thinks.
parsy, who if he is right means we are in for big changes in the US.