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US Consumer Comfort Still Can’t Break The 50 Barrier

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Talk about a barrier option!


Now The Balance Begins To Shift

The balance between QE and Treasury supply will begin to shift in July. The underlying bid it has provided for stocks and Treasuries will begin to fade.

This report tells why, and what to look for in the data and the markets.  GO TO THE POST


US consumer comfort still hasn’t broken the 50 barrier which was last achieved in November 2006.

The reason? Real median household income peaked in 1999-2000, hit a lower local peak in 2007 (about the same time as a bump-up in consumer confidence in 2006 — RMINC is for the entire year).

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Based on this chart, I expect real median household income for 2016 (which won’t be reported until about October 2016) to increase somewhat.

Although Sentier Research does not report real median household income the same way the Feds do, you can see that as of June 2016, real median household income is still below 2000 levels.

rmicdshort

That is enough to cause me to be less comfortable. No growth since 2000.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. 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. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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