Austrian-lites smashed again.
A Gallup gauge launched at the start of the Great Recession has hit a record high.
Gallup's U.S. Economic Confidence Index averaged +10 for the week ending Dec. 18, marking another new high in its nine-year trend.
It is first positive double-digit index score since the inception of Gallup Daily tracking in 2008.
This is not what a recession looks like.
-RW
Does this mean that the malinvestments of the 2008 meltdown have been for the most part liquidated?
ReplyDeleteShould we see the price of gold rise or fall?