Monday, 13 July 2009

The classic green shoot chart

Apparently, the US consumer is starting to cheer up, at least according to the University of Michigan sentiment index. However, the improvement seems to be from "suicidal" to "severely depressed". Based on this sorry little uptick, it is doubtful that the consumer will rescue the US economy any time soon.

1 comment:

Seema said...

Things can only get better.