I’m happy to say that we’ve reached MSM peak stupid thanks to Greg Jericho : So yes, we are seeing a solid increase in employment, but this is not resulting in a rise in overall average incomes like we would expect and as a result we are not seeing a similar boost in spending or consumer confidence. And when you throw in to the mix the fact that wages growth across the board is down it makes for a disconnect between the unemployment rate and our desire to spend. But perhaps there is some hope. Often when talking of […]
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