Consumer confidence is at 82% as Americans trample one another in the struggle to acquire the Chinese junk being retailed at the international franchise owned outlets in the US. The consumer confidence number has to be the most incalculable calculated fraud ever to exist as a part of the propaganda machine. And that is saying something.
Apparently this number is derived by measuring consumer spending in coalition with decreases in savings, hence the people are spending more and saving less because they are not worried about the future because the economy is recovering and happy days are here again. This is taking the concept of making lemonade from lemons to new heights.
Continue reading “Consumer Confidence is Up – But Confidence in What?”