Further proof lefties can ignore re the recession

[Celticguy]

https://www.marketwatch.com/story/t...-stock-prices-are-all-but-certain-11670224867

yeah yeah, fake news and all

An obscure and arcane economic indicator suggests that Federal Reserve Chairman Jerome Powell was wrong when he said at his Nov. 30 news conference that “There is a path to a soft, a softish landing” for the U.S. economy.This indicator traces to the large divergence between consumers’ views about the economy in general and their immediate personal financial circumstances in particular. A recession has occurred each time over the past four decades in which this divergence even approached its current level.
To measure this divergence, this indicator focuses on the Conference Board’s Consumer Confidence Index (CCI) and the University of Michigan’s Consumer Sentiment Survey (UMI). While there is some overlap between what these two indices measure, there is a significant difference in emphasis, according to James Stack of InvesTech Research, from whom I first heard about this indicator. The CCI more heavily reflects consumers’ attitudes towards the overall economy, according to Stack, while the UMI is more heavily weighted towards their immediate personal circumstances.

 

[archives]

According to a “obscure and arcane economic indicator” noticed by one “James Stack”

And a fact on economic indicators, search long enough and it is easy to find one that supports just about anything one wants to believe