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“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”
― Mark Twain
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American Consumer Is In Serious Trouble
Americans have rarely felt this bad about their money. A record 41% of U.S. consumers expect their financial situation to get worse over the next 12 months, according to University of Michigan survey data. Please watch the free Economy & Stock Report update, The Boy Might Cry Wolf, But EAC Doesn't. The EAC, our proprietary measure of economic activity, is falling fast.
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The American consumer is in trouble, and we do not need the University of Michigan survey to see it. Retail stocks' primary trend is nearly the weakest trend of the 15 key primary trends tracked by our computer (see Chart).
Chart: Intermarket Trend
Americans will be heading to the polls to vote for change. Your vote won't change a thing. When the public figures out what we're seeing, social disorder won't be limited to student protests in Europe. Welcome to the shit show.
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