Greece 1 year bond pass 400%. Meanwhile we are living the dream here in the United States. You got some popcorn for us Sterling? Bloomberg reports, Consumer Comfort Highest in Six Months.
Consumer confidence in the U.S. last
week reached the highest level since July as the improving job
market helped allay pessimism. Less unemployment and growing payrolls may be lifting
consumers’ moods, providing the spark for increases in consumer
spending, which accounts for about 70 percent of the economy.
Nonetheless, gasoline prices that are once again rising and wage
gains that fail to keep pace with inflation may be obstacles to
greater improvement in confidence
Did somebody forget to give Bloomberg the unemployment benefit numbers for last week? Unemployment benefits INCREASED by 24,000 to 399,000. The obvious explanation is that consumers are liquored up over their Christmas gifts or BigPharma has been pumping laughing gas into the local malls over shopping season.
Doc, I am proposing we start an article of the week. SD readers send in the most outrageous news articles and we post it here on silverdoctors.com similar to the caption contests you have going on currently. Send me your articles to email@example.com or to the Doc, firstname.lastname@example.org.