How’s The Economy

See our story  about Walmart earnings

And what do you think they are doing … Bunker time. Consumer Confidence Misses Expectations

For the first time in 2013, UMich consumer confidence missed expectations dropping from a cyclical high 85.2 to a ‘mere’ 80.0. However, the miss from an expectation of 85.0 is the big news – this is the biggest miss since records began in 1999. The US Consumer (so in the news this week on the back of the retail earnings) appears have finally woken up to soaring mortgage rates, rising gas prices, and only part-time job growth. Both the current and future conditions indices collapsed to their lowest in 4 months.

 

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