Hey, CNBC, The New Committee To Save The World Is Not The American Consumer

After what was falsely portrayed as a “gangbusters” report for July retail sales this AM, the talking heads on CNBC were nearly hyperventilating. We no longer need Secretary Robert Rubin and Fed Chairman Alan Greenspan— one of them gushed in reference to a famous 1990s Business Week cover. That’s because the US consumer is the New Committee to Save […]
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