Your Gut Feeling Is Right: You Are Worse Off Now Than During the Recession

This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.

Ok – so you know by now I’m not much for paying attention to economic data, at least when it comes to its impact on stocks. Sure, they correlate over extended periods of time, but that’s much too long to be meaningful to investors in the here and now.

So that data’s useless for handicapping the stock market, but it’s the economy, after all; we’re all economic observers and actors, we have businesses or jobs that depend on the broader performance of the economy, even if we don’t own a single stock.

And data’s always good for clueing us in when Wall Street tries to snow us.

Finally, the data can tell us whether we should be worried about “The Big Picture,” as in, “Will our grandchildren be able to do as well as we did here in the United States, or should we tell them to think about seeking their fortunes elsewhere?”

Today, it’s retail sales data that tells the tale – and gives the lie to the bright, rosy picture we’re being given of 2018’s “Trump economy.”

Turns out, if you’ve ever had the feeling economic growth and prosperity is passing you by, you’re on to something – something big…

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The post Your Gut Feeling Is Right: You Are Worse Off Now Than During the Recession appeared first on Money Morning – We Make Investing Profitable.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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