We are still a long way from being optimistic but the University of Michigan confidence survey has us at the highest level since February 2008. Certainly below the 200o recession but we are higher than the lows of the 1990 recession which was associated with a supply shock and the saving and loan debacle. Recoveries are gradual bu this is good news.
Income is up and spending is positive. This is good. there is some gain in spending and with income up there is some fixing of the balance sheet through savings.
Income is up and spending is positive. This is good. there is some gain in spending and with income up there is some fixing of the balance sheet through savings.
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