DiMartino Booth Warns Pressure On US Households Is Intensifying

Jon Alternative Media, Blogosphere, Economy

Behind the rosy economic headlines, consumer stresses have continued to build and are likely to worsen…
Is the U. S. economy enjoying a honeymoon, or is this merely a hiatus? Although this isn’t a subject of discussion among most economists, there will be both good and bad associated with three hurricanes and the California wildfires.
In early summer, the economic data began to surprise to the upside and the momentum has gained traction. The Citigroup Economic Surprise Index recently hit its highest level of the current cycle.
But there are signs that beneath the veneer of healthy headlines, household stresses have continued to build and are likely to worsen as losses related to the storms begin to seep into future months’ data.

This post was published at Zero Hedge on Nov 26, 2017.