• [WEBCAST] Raoul Pal & Neil Howe: A Sobering U.S. Economic Reality Check

    Prepare your portfolio for “big picture” paradigm shifts with Real Vision co-founder Raoul Pal and Demography analyst Neil Howe.

This morning's University of Michigan consumer confidence report gives us the most current reading on November... like Jimmy Braddock, the US consumer is coming back from the cold mat. The report improved, barely, but the point is that it improved to 57.9.

Consumer confidence in the USA bottomed in early October of 2008. Until I see a fact to support otherwise, that's one more reason why the October lows in the S&P500 can hold.

Everything that matters in our macro model happens on the margin. On the margin, this report registers a winning round for the bull who believes in Jimmy and that the this narrative fallacy of an 09’ Great Depression won’t keep him down and out.
KM