Guest Post: Consumers Are Confident Of Recession from zero hedge by Tyler Durden Submitted by Tony Pallotta of MacroStory.com Consumers Are Confident Of Recession And that my friends is the nail in the economic "recovery." August consumer sentiment was just reported at 54.9 from 63.7 in July. This is the lowest level since May 1980. The chart below shows the correlation with sentiment and the consumer component of GDP which is about 70% of the economy and why I say the "recovery" is over.

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from zero hedge by Tyler Durden

Submitted by Tony Pallotta of MacroStory.com
Consumers Are Confident Of Recession
And that my friends is the nail in the economic "recovery." August consumer sentiment was just reported at 54.9 from 63.7 in July. This is the lowest level since May 1980. The chart below shows the correlation with sentiment and the consumer component of GDP which is about 70% of the economy and why I say the "recovery" is over.