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2012/12/21: Quick Post: A time to kick back

December 21, 2012 Leave a comment

© 2012 ROHR International, Inc. All International rights reserved.

After warning clients and colleagues of the continued risk of a macro-technical disconnect, (technical trend NOT reflecting macro fundamental factors)  it came home to roost late Thursday. Not that it was some sort of big prediction; more so a ‘shot’ based on the continuing Washington DC Fiscal Cliff negotiation disconnect we were seeing that the mainstream press somehow wanted to ignore. So what next after the markets reflected our inferences? A quick TrendView Market Alert for clients on Friday morning, and off on our sole real annual break.

And what better way to begin than dropping down into the city to hang at Chicago’s Millennium Park ‘Bean’ on a crisp winter evening to listen to carols from the Apollo Choir.

 BEANmilleniumAPOLOchorus-121221

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2012/12/21: Quick Post: Consumer confidence takes a hit

December 21, 2012 Leave a comment

© 2012 ROHR International, Inc. All International rights reserved.

Well it had to happen sooner or later. The highly resilient American consumer has finally taken a hit after months and months of the US Fiscal Cliff shenanigans.  Even the world’s most conspicuous of conspicuous consumers are dialing it back a bit. That may not be such a surprise in its own right, yet does have implications for the incipient global recovery.

And while the current weakening is the topic of this post, we still feel the Fiscal Cliff is merely the tip of a far more troubling economic headwinds iceberg that the US economy will smack into in 2013. Rather than dwell on all that, there was an excellent CNBC chat Wednesday morning with Bankrate.com’s senior financial analyst Greg McBride. The same sort of consumer response he ascribes to the Fiscal Cliff threat is likely going to be the case for higher US taxes which are on the way even if the near term failure is averted.

Bankrate.com's Greg mcBride notes a real dip in consumer confidence... the look of things to come?

Bankrate.com’s Greg McBride notes a real Fiscal Cliff dip in consumer confidence… the look of things to come?

 

 

 

 

 

 

 

 

 

 

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