The diverging fortunes of the myriad ‘consumer confidence’ surveys that are plastered across various trading terminals every months is nowhere more evident than in the exuberance exhibited by University of Michigan or Conference Board respondents relative to Gallup or Bloomberg survey respondents. As the following chart shows, the ‘representative’ group being surveyed appears to be quite different…
Which made us wonder, following Bloomberg’s discussion of the 9,000 Americans with over $5 million in their retirement accounts…
If these were the chosen few being interviewed by the government’s surveys?
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It seems Janet was right – It Is Important To Get Rich
Charts: Bloomberg
via Zero Hedge http://ift.tt/1r6zAvh Tyler Durden