Up to about five seconds before this announcement, main stream economists considered consumer confidence to be a leading economic indicator ... meaning that it predicted our future prosperity!
Up to about five seconds before this announcement, main stream economists considered consumer confidence to be a leading economic indicator ... meaning that it predicted our future prosperity!
“Unexpected”
How can there be confidence in a rodeo clown?
Yet the Dow Jones is soaring. When the music (read: money printing) stops, it’s going to be ugly.
I’m still waiting for the Christmas shopping season stats that exposes the reality of our economy to everyone. Of course, the government will try to redistribute as much money as possible into the hands of the “spendthrift poor” to bolster it.
If they think this is bad wait another 12-24 mos and then you will see dismal.
First consecutive? Interesting turn of a phrase...
Sounds more like the name of a church or bank!