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May reports show consumers, small businesses facing big trouble.

Eurodollar University

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The Importance of Consumer Confidence

The more confident I feel the more I want to go out to dinner buy that new car take a vacation. When I am feeling less confident my desire to spend goes down and then in turn leads to the second problem which is rising unemployment. Policy makers obviously understand that we're in a precarious situation so they're going to tell us that everything is fine but at the same time. They do see that hey the unemployment rates really low. So maybe that actually does mean something. But it's a combination of not being able to look ahead because all this data looks behind. And if they go too far in that direction, you know, trying to infantilize the audience so to speak treat us

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