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I’ve Got A Bad Feeling About This
Confidence among American consumers slipped in September.
"Slipped" is a bit euphemistic. "Deteriorated" is probably better. If I relied on clicks and web traffic to keep the lights on (God bless the tabloids) I might say "plunged." Or "PLUNGED!"
Anyway, the Conference Board's gauge dropped sharply this month, particularly when measured against an upwardly-revised reading for August. 98.7 on the headline was nowhere near consensus. Economists collectively saw 104. The decline, almost seven poi
So, good news is good news and bad news is good news?
Ironically, a lot of struggling Americans plan to vote against their own best interests again in 2024. If tax cuts for the wealthy haven’t helped since the 80s, just wait longer.
Cross currents, confusing. One wage tracker shows YOY growth starting an upturn. https://data.indeed.com/#/wages