Dear Consumer: Please Keep “Hoping”, One Day That Pay Raise Will Come (Just Not Today)…”Peak Delusion indeed.”
by Tyler Durden
ZeroHedge.com
10/28/2014
It appears the burden of hope for the future of the American consumer, based on this morning’s confidence survey data, is based on a surge in incomes. In fact, the income ‘hope’ index is at its highest since February 2008… which is odd given the utter stagnation of real wages. Perhaps the survey respondents have been listening to a little too much ‘hope-and-change’ TV promises of minimum wage hikes and fair livable wages… and not paying attention to the layoffs, synergies, restructurings, and buybacks firms are actually undertaking.
The Rest…HERE
