Consumer Confidence Symptomatic of Economic Muddle


The latest bout of lost consumer confidence is simply symptomatic of economic muddle and political stalemate. Long-term unemployment, threats to employment benefits and other stimuli souring have injured the mind and mood of America’s most important segment, and threaten to lead the economy into double-dip recession.

“The Greek” earned clients a 23% average annual return over five years as a stock analyst on Wall Street. While writing for Wall Street Greek and others, he presciently predicted the financial crisis and housing and banking failures of the Great Recession.

Full post…