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BruceB wrote:
> If the economy is on the verge of collapse, why were auto sales up 6% last
> month? Why would people take on a long term financial commitment like that
> if the economic outlook was so grim? Is it possible people are just saying
> things are bad because it's the "politically correct" thing to do, even
> though they see no hardship heading towards themselves?
Give me a break.
Consumer confidence/ sentiment is a classic contrarian indicator.
The rest of your argument is interesting, though!
Cheers,
Cab
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