Apparently, the US consumer is starting to cheer up, at least according to the University of Michigan sentiment index. However, the improvement seems to be from "suicidal" to "severely depressed". Based on this sorry little uptick, it is doubtful that the consumer will rescue the US economy any time soon.
Monday, July 13, 2009
The classic green shoot chart
Apparently, the US consumer is starting to cheer up, at least according to the University of Michigan sentiment index. However, the improvement seems to be from "suicidal" to "severely depressed". Based on this sorry little uptick, it is doubtful that the consumer will rescue the US economy any time soon.
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Things can only get better.
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