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U.S. consumers suffered a ‘stunning loss of confidence in early August’


MarketWatch/Greg Robb/8-13-2021

“It is the lowest sentiment reading since December 2011, below any level in the beginning of the pandemic last year.”

USAGOLD note: The impetus for the drop, says the University of Michigan, is the delta variant of the coronavirus. Many will be startled by the sudden turn in consumer sentiment.

 

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