The U.S. Consumer's Strange Exuberance
Consumer confidence the highest in four years? Number of people planning to buy a house at a record high? Robust holiday season sales from the get-go? Right while we are perched on a fiscal cliff, an abyss that should stop any consumer spending in its tracks?
Welcome to a world of confusion, as a highly respected survey of the Conference Board released today shows a buoyant and happy consumer who, at last, sees her way out of a downturn at the exact same time that Washington's policies would, by all empirical data, send us right back into one....1294 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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