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Low Consumer Confidence: A Nice Contrarian Indicator

By John S. Tobey

Throughout the summer, we’ve heard about declining consumer confidence (AKA, sentiment). The conclusion typically drawn is that low consumer confidence now likely means low consumer spending ahead. Until recently, warnings have been sounded about weak winter holiday sales. Now, however, consumer confidence readings are creeping back, and retail sales are actually looking good. How... »

The US Consumer Is Back and That Means…

By John S. Tobey

… the US economy is back. Forget the picture of deflated, fearful consumers keeping their 2/3 of the economy moribund. Normal times are upon us, making the 2011 outlook rosy. »

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