Collapse In ‘Hope’ Sends Americans’ Consumer Confidence Tumbling Near 1-Year Lows
by Tyler Durden
ZeroHedge.com
02/23/2016
Driven by a collapse in ‘hope’ – future expectations dropped to 78.9, the lowest since Feb 2014 – The Conference Board’s Consumer Confidence headline dropped from 97.8 to 92.2, the weakest since July 2015. Amid the so-called best jobs market in decades, near-record low gas prices, and a resurging stock market, it appears the ‘everyday American’ is not amused as all the ‘increases in animal spirits’ since QE3 have evaporated.
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