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"The widespread resurgence of the coronavirus" is to blame for the surprise drop, Richard Curtin, chief economist for the Surveys of Consumers, said. The university's Index of Consumer Sentiment fell to 73.2 from June's reading of 78.1. Respondents' view of current economic conditions sank to 84.2 from 87.1. The Index of Consumer Expectations posted the biggest decrease, falling to 66.2 from 72.3 through the month. expected the consumer sentiment gauge to modestly increase to 79.
. "Unfortunately, declines are more likely in the months ahead as the coronavirus spreads and causes continued economic harm, social disruptions, and permanent scarring."A Wall Street expert breaks down his precise 5-part strategy that could quadruple returns for investors buying the market's smallest companiesThe surprise decline arrives as lawmakers debate a second fiscal stimulus bill.
We. Are. Screwed.
The little people want life instead of worshiping the Almighty dollar. Plus all those funeral costs? Someone has to pay for this staggering death toll.
There is no resurgence. There is only more testing.
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