Bloomberg's Consumer Comfort index slipped back below -40 this week (despite all the market ebullience) indicating empirically at least a period of severe economic discontent among the most critical segment of our economy. Worst still, the outlook for the economy is its weakest in six months and the last two months have seen confidence on the economy plunge its fastest in 13 months.
Back below -40, the Bloomberg Comfort Index signals severe economic discontent...
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Bloomberg index of outlook for the economy...
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