The numbers: Consumer confidence rose in June to a three-month high as a reopening economy buoyed the spirits of Americans, but a recent spike in coronavirus cases could dampen any optimism unless it’s brought under control soon.
One potentially big caveat: The cutoff date for the survey was June 18, shortly before states such as Texas and Arizona reimposed new restrictions after a fresh outbreak of COVID-19 cases.The index had stood near a 20-year high at 132.6 in February before the pandemic shut down large swaths of the economy. It fell to as low as 85.7 in April.What happened: An index that gauges how consumers feel about the economy right now rose to 86.2 from 68.4 in May.
Big picture: The rebound in consumer confidence signals that a rebound is underway after what might turn out to be the shortest but deepest recession in American history. Yet the persistence of the virus points to a choppy recovery and a prolonged period of high unemployment.
Doesn’t make sense at all
One reason we can’t travel to the EU on a US passport.
I’ve been in 12 states in the last 7 days. And I can tell you people want to get out and spend money. With or without masks on.
Never underestimate the stupidity of the American people
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