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American Consumer Comfort Crashes Most ‘Since Lehman’

Courtesy of ZeroHedge View original post here.

Despite stocks soaring to record highs, The Bloomberg Consumer Comfort index fell last week to 58.0 from 59.1 a week earlier, and has now plunged 5.4 points in three weeks, the biggest such drop since 2008

Source: Bloomberg

All three sub-indices – state of the economy, personal financial outlook, and buying climate – dropped in the last week as the headline completely decoupled from stocks…

Source: Bloomberg

That is the lowest level of consumer confidence since January, despite an incessant surge in stocks this year. Still, we doubt that will stop the president celebrating…


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