How’s that economic recovery working out for ya? TPTB have been using their controlled MSM to dole out propaganda on a daily basis reporting the Big Lie of economic recovery. It’s a crock of shit and anyone with two brain cells knows it. Home prices are plunging. Wage growth is non-existent. People dropping out of the work force which makes the unemployment rate drop isn’t REALLY a positive sign. The clueless economists and nitwit pundits on CNBC who predicted a big increase in consumer confidence were only wrong by a freaking mile. These people are the 1%. They hobnob with other 1%ers. The 1% feel awesome. They have not only retained their wealth and power, but used their connections to increase it.
But, when you ask the 99% how they feel, they will tell you it sucks. Young people don’t riot in the streets when things are going just swell. Don’t believe anything spewed by the corporate MSM and your government. It’s nothing buy lies.
Consumer-confidence gauge falls to 61.1 in January
By Ruth Mantell
WASHINGTON (MarketWatch) — A gauge of U.S. consumer confidence fell to 61.1 in January, partly reversing substantial gains in the prior two months, as views on current business conditions and employment declined, the Conference Board reported Tuesday. “Recent increases in gasoline prices may have consumers feeling a little less confident this month,” said Lynn Franco, director of the Conference Board’s consumer research center, in a statement. In addition to worse views on current conditions, consumer expectations ticked down in January, on a lower outlook for income and business conditions. The December reading for confidence was revised to 64.8 from a prior estimate of 64.5. Economists polled by MarketWatch had expected a reading of 68 for January on improving employment figures. Generally when the economy is growing at a good clip, confidence readings are at least 90.