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RUSH: This headline from Reuters: “Consumer Confidence Eases, Inflation View Jumps.” What is…? When you hear that headline, if you could imagine yourself reading it, “Consume Confidence Eases…” Now, what\u2019s happened here is consumer confidence has plummeted. That\u2019s what\u2019s happened. But the use the word “eases” invokes “eases off” or… It does not convey the truth by any stretch. “Inflation View Jumps.” That doesn\u2019t tell you anything. “Americans this month ratcheted up their expectations on inflation to the highest level in 10 months…” Now, even that is misleading. It\u2019s almost like it\u2019s positive because expectations are always portrayed in a positive way. Now, what this means is, the American people expect inflation to go through the roof, which is a bad thing, and nobody wants that (well, very few people). <\/p>\n
“Separate data on Tuesday showed home prices were unchanged in January from December…” Home prices are now at the levels of 2001! There\u2019s nothing good about this. There\u2019s nothing positive in this story. But you\u2019d be hell-bent to find the truth even if you read it. You need a seasoned, trained professional like me going through this stuff for you. “A report from industry group The Conference Board showed the index of consumer attitudes eased [laughing] to 70.2 from an upwardly revised 71.6 the month before, roughly in line with economists\u2019 expectations…”<\/p>\n
No, consumer confidence didn\u2019t “ease” off. It plunged! It fell. Inflation is skyrocketing, led by gasoline prices, and yet doesn\u2019t matter, \u2019cause “the economic recovery was still seen on track.” “The details of the report were mixed as…” I wouldn\u2019t-a bothered with this except this whole thing is written as totally misleading, purposely so. “Consumer Confidence Eases,” and inflation doesn\u2019t jump — just “the views” of inflation jumped? I\u2019m telling you, folks, this is another indication of how bad it is — and I\u2019m talking about through the prism of the Obama reelection. That\u2019s how bad the economic news is. When these efforts are expended to hide it and, in fact, to make it look like something else.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: This headline from Reuters: “Consumer Confidence Eases, Inflation View Jumps.” What is…? When you hear that headline, if you could imagine yourself reading it, “Consume Confidence Eases…” Now, what\u2019s happened here is consumer confidence has plummeted. That\u2019s what\u2019s happened. But the use the word “eases” invokes “eases off” or… It does not convey the […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n