Behind the decline in consumer confidence is another story that is even more telling.

The US government just published the Unemployment Rate, it’s 16.5% as per the U-6 measurement system. Why the U-3 is cited in the Media rather than the U-6 is nothing less than mind boggling. U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force U-2 Job losers and persons who completed temporary [...]