Comment on ‘The world’s most useless economic statistic’

‘The world’s most useless economic statistic’

Bloomberg reports that U.S. consumer confidence is almost back to pre-recession levels. But is that actually good news? Over at the Big Picture, James Bianco says it’s not clear why “consumer confidence” is a useful metric. It’s not correlated with jobs. Or retail sales. Or anything except recent stock-market headlines: Read full article >>

 

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