16 August 2013

Today's Economic Data Points

US consumer confidence "unexpectedly: fell in August.

Considering the fact that hourly wages fell in July, (Inflation hewed fairly close to the 2% desired by the Fed) I do not consider this too much of a surprise, particularly when juxtaposed with the fall in the Philly Fed index and overall industrial production being flat.

This is the definition of a recovery that I was previously unaware of.



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