All the hopes and dreams of bringing back the over-debted, 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).
Personal Finance Comfort collapses to 10 month lows, decouples from stocks...
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This is confirmed by Gallup's economic confidenc collapse to its lowest in 10 months... [3]
[4]
Janet - it didn't work!!
Charts: Bloomberg
