US Consumer Comfort Reaches Highest Level in a Decade

Acevil

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Acevil on 10 March 2017

Goes to show that the previous government really helped weather the storm. Hopefully this doesn't cause decline like the last time.

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VGPolyglot on 10 March 2017

So, we need to get ready for another recession? Thanks for the warning!

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VGPolyglot on 10 March 2017

Miguel_Zorro said:

VGPolyglot said:
So, we need to get ready for another recession? Thanks for the warning!

My feeling is that an immediate recession is not imminent. Governments at all levels are still spending like drunken sailors, which is disastrous for the long term, but keeps the juice flowing in the short term. Interest rates are also low and I don't see them going up quickly.

Housing is not overvalued in the US, but it's the only thing people talk about in Canada.

Generally I feel that stock markets are overvalued, so that's a big risk area.

Well, I'd say that whether or not a recession is imminent or not is all that important when even when we're in what is apparantly the highest consumer comfort level in 10 years when there are still over 40 million Americans living in poverty, and over 3 million poor people in Canada.

http://poverty.ucdavis.edu/faq/what-current-poverty-rate-united-states

http://www.thecanadianencyclopedia.ca/en/article/poverty/

http://www.cbc.ca/news/politics/grenier-2016-census-population-1.3970314

If we're still that bad at our highest point, should we really consider that a success?

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