Uncertainty. The single biggest downdraft on consumer confidence, or sentiment, depending on which measure you read, but they mean basically the same. And there is so much uncertainty right now, confidence is plummeting with what could be a profound effect on the economy. Let me explain what has changed. If you read my columns regularly, you know that I place…
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Willing Us Into Recession
I was driving to the airport at 5:15 a.m. one very recent morning to catch an early flight, and tuned into one of my favorite business radio channels for my usual dose of early news and data, and the outlook for the markets. Some financial pundit was being interviewed, giving all the reasons why the recent spate of good economic…
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