Stephen Roach: “The American Consumer Is Not Okay”

Saturday, June 1, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
06/01/2013

The spin-doctors are hard at work talking up America’s subpar economic recovery. All eyes are on households. Thanks to falling unemployment, rising home values, and record stock prices, an emerging consensus of forecasters, market participants, and policymakers has now concluded that the American consumer is finally back. Don’t believe it. In short, the American consumer’s nightmare is far from over. Spin and frothy markets aside, the healing has only just begun.

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