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 bullrunsilver@gmail.com or to the Doc, silverdoctors@gmail.com.
Got Popcorn??
