Consumer Confidence ‘Steady’ Despite Weak Wages, No Spending, Slow Growth

Jon Alternative Media, Blogosphere, Economy, Education

Apart from stagnant wage growth, dismal economic growth, and tumbling spending growth, Americans remain ‘confident’ according to University of Michigan. Current conditions fell very modestly but ‘hope’ rose to its highest since January. Inflation expectations were steady (near record lows) but buying climates improved MoM.
It seems UMich respondents do not care about wage growth (just the Nasdaq)…

This post was published at Zero Hedge on Apr 28, 2017.