The most important aspect of the US economy – consumption – appears to face a headwind as despite "awesome" jobs data, exuberant Manufacturing surveys, and talking heads fighting each other to come up with the most superlative superlatives for the US economy, UMIch exposes the fact that income growth expectations for Americans (the ones that are throwing their support behind Trump and Sanders) continues to slide.
All that post-QE3 "hope" is gone…
And Year-over-year shows no rebound here…
h/t @DougTee
Still who needs "hope" when the stock market keeps rising. As Jim Cramer explained to 'the people' this morning, "we need the stock market to go higher and the wealth effect to continue."
Запись No Rebound Here впервые появилась crude-oil.top.