Fading Optimism Sparks Consumer Sentiment Retreat

Up down, down up … Our sideways economy. How long can it last, asks the Fed.

cnbc.com …

U.S. consumer sentiment retreated this month after reaching its highest in nearly six years in May, a survey released on Friday showed, as household optimism about employment and housing faded slightly.

The Thomson Reuters/University of Michigan’s preliminary reading on the overall index on consumer sentiment fell to 82.7 in June, below a near six-year high of 84.5 in May. Economists polled by Reuters had expected it to hold at 84.5 this month.

Read more at cnbc.com …

Or why did the great Obama depression last so long …

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