What a miss,,,,,,,,,,,Aug 12 9:55 AM Mich Sentiment Aug 54.9 62.5 63.7
Submitted by Tyler Durden on 08/12/2011 - 09:59
UMichigan consumer confidence just printed at 54.9, on expectations of 63.0. This is the lowest since May 1980. And what's worse, inflation expectations were unchanged. Looks like those high inflation expectations are starting to get anchored. In the meantime, with the Chairsatan saying to expect at least two more years of recession, is this really a surprise to anyone?
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http://www.zerohedge.com/news/consumer-confidence-plummets-may-1980-level

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.