The U.S. Labor Market Throws Another Curveball with Peter Boockvar
Real Vision: Finance & Investing
00:00
The Disconnect Between Consumer Confidence and Consumption in the Economy
Andreas Stenow-Larson: Surveys tend to send a wrong signal when inflation is high. The reason why consumer confidence is low is due to it's basically driven by high prices, he says. And therefore, you can have this extreme pessimism while still having elevated consumption at the same time because the survey essentially hints that it is costly waiting, Therefore, consume now instead of tomorrow.
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