Despite the protestations that everything will be awesome from Hillbama, the American people strongly disagree. The latest University of Michigan consumer confidence survey shows the gap between ‘expectations’ (77.8) and ‘current conditions’ (109.0) is at its highest (least hopeful) since August 2006… shortly before overall confidence crashed in America.
Current conditions dropped from 110.8 to 109.0 and ‘expectations’ tumbled from 82.4 to 77.8…
‘Hope’ has plunged to its lowest since Sept 2014… in spite of low gas prices and record high stocks.
For the first time this year less than half of those surveyed expect incomes to rise in the next year.
via http://ift.tt/2aPwfNv Tyler Durden