Bloomberg's consumer comfort index surged to the highest level since its peak in February 2007. However, while Republicans are the happiest since 2008, Democrats' confidence is collapsing...
But the divided America is extremely evident. Republican consumers in America have not been this 'comfortable' since January 2008, Democrats are the least 'comfortable' in 10 months.
Via Daniel Lang of SHTFPlan.com,
There are people in our government who are determined to chip away at our Second Amendment rights, and they are an insidious bunch.
Rarely do they make blatant gun grabbing attempts. Typically they push for policies that quietly set back gun rights. They like laws that merely set precedents without alarming the public, and they’ve been doing it successfully for decades.
Following Wednesday's blowout ADP report, which printed some 40K jobs higher than the highest estimate, the only possibility for tomorrow's nonfarm payroll report, the last major economic data point before the Fed's March 15th rate hike announcement, is to disappoint, especially in terms of wages (which in light of the recent downward revision of Q1 GDP by the Atlanta Fed to 1.2% is not out of the question). That possibility, however, is slim to none if one looks at Wall Street's forecasts, where virtually every sellside analyst boosted their NFP estimate in the hours after the ADP number.
Via Daniel Mitchell of The Foundation for Economic Education,
When I warn about the fiscal and economic consequences of America’s poorly designed entitlement programs (as well as the impact of demographic changes), I regularly suggest that the United States is on a path to become Greece.
Because of Greece’s horrible economy, this link has obvious rhetorical appeal.
