Yes, we know. We have seen this before. But the Conference Board confidence reading for the consumer has jumped higher, an act we already have seen from the U of M Index. The weekly consumer comfort index is in upward gear too.
All this despite continuing lethargy in the manufacturing measures and still range bound jobless claims.
The economy continues to fool us...optimist and pessimist alike.
Now the Fed could only sort itself out...
2 comments:
The economy has been in a funk for four years. The time has come for some improvement.
The economy may show a little life compared to the economic problems its little comfort.
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