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Consumer Confidence Is Crashing, The Wealthy Are Hoarding Cash As US Recession Fears Fester

Consumer Confidence Is Crashing, The Wealthy Are Hoarding Cash As US Recession Fears Fester Economic collapse news. First we cover the current currency problems in Argentina and the rush of capital out of Emerging markets. This is the reason for the push away from the dollar. We see the most recent UMich survey which shows consumer sentiment is taking a turn for the worst. Also realtor dot com did a survey of home users and it found a whopping 75% of a erase consumer believe a recession is coming soon. The thing is consumer are always the last to know is consumer behavior has a sudden deterioration this could be the end of the last support propping up the economy. We also see a concern tend among the world's wealthy and the have cut spending dramatically and more than doubled their savings rate in the past 2 years. Pay attention to what the 10% do with their money.

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