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University of Michigan Consumer Confidence Index At Depression Levels Shows That Consumers Get It

This long term chart of the University of Michigan Consumer Confidence Index, posted by Markit, shows just how well US consumers have understood the US economy, far better than professional conomists. 3 years into “recovery” sentiment is still at 70s era depression levels.

University of Michigan Consumer Confidence Index charted agai... on Twitpic

via University of Michigan Consumer Confidence Index charted agai… on Twitpic.

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