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American Consumers Are Still Struggling And That’s Bad News For The Market
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From a technical standpoint, the American economy is looking good. The economy has been adding on average about 200,000 new jobs a month and unemployment is down to 5.5%. The stock market is also booming and the housing market is on its way to matching prices from before the housing bubble crashed.
Unfortunately, for the average American consumer, it sure doesn’t feel like a recovery. When you look behind the main indicators and start digging into consumer data, you’ll see a few troubling patterns. The average consumer is struggling and buried under debt, and that is nothing but bad news for companies, the stock market, and the entire economy.
Read the rest here: [ link to goldiraguide.org]
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