consumer confidence Trump

Does Tuesday’s “Trump’d” Up Confidence Data Mean More Spending Is Right Around The Corner?

A word of caution: we're talking about a one quarter lead time here...

Earlier today, we got confirmation of what Donald Trump already told us; namely that American consumers are pretty damn confident these days. So damn confident in fact, that the Conference Board's confidence gauge hit its highest level since 2001 in December. Indeed what's not to be confident about? After all, we're a scant three weeks away from the US being "great again." And as long as the liberals, commies, and socialists don't spoil it, we could be a just a few months away from "great again" in the Netherlands, France, and Germany where populist/nationalist sentiment is on the rise thanks in no small part to the likes of Geert Wilders and AfD chief Frauke Petry. "We cannot be under any illusion," Petry said, in the wake of the attack on a Berlin Christmas market that left a dozen civilians dead. "The milieu in which such crimes are able to thrive has been imported here systematically over the past one-and-a-half years." Now one would think that this kind of political uncertainty (i.e. the chance that Europe descends into some kind of 1930s-style nationalist hell) would cause consumers to think twice before giving the all clear. But apparently Trump trumps all, so to spea
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