Friday, August 7, 2015

Personal Finances Confidence Collapses At Fastest Rate In 3 Years.....ANOTHER PESKY FACT!


Personal Finances Confidence Collapses At Fastest Rate In 3 Years

All the hopes and dreams of bringing back the over-indebted, over-consuming American Dream had rested upon The Fed's ability to 'stimulate' confidence via pumping equities higher to 'prove' everything is awesome. For a few years it seemed to work... until 2015. As Bloomberg's Consumer Comfort survey shows, the last 2 weeks have seen Americans views about their personal finances collapse at the fastest rate in 3 years - falling to 10 month lows (despite near-record high stock prices). PEOPLE ARE STARTING TO UNDERSTAND THAT THE FED CAN'T FIX THINGS! 

Personal Finance Comfort collapses to 10 month lows, decouples from stocks...



Gallup-EconomicConfidence-080515

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