Your Gut Feeling Is Right: You Are Worse Off Now Than During the Recession

Ok - so you know by now I'm not much for paying attention to economic data, at least when it comes to its impact on stocks. Sure, they correlate over extended periods of time, but that's much too long to be meaningful to investors in the here and now. So that data's useless for handicapping the stock market, but it's the economy, after all; we're all economic observers and actors, we have businesses or jobs that depend on the broader performance of the economy, even if we don't own a single stock. And data's always good for clueing us in when Wall Street tries to snow us. Finally, the data can tell us whether we should be worried about "The Big Picture," as in, "Will our grandchildren be able to do as well as we did here in the United States, or should we tell them to think about seeking their fortunes elsewhere?" Today, it's retail sales data that tells the tale - and gives the lie to the bright, rosy picture we're being given of 2018's "Trump economy." Turns out, if you've ever had the feeling economic growth and prosperity is passing you by, you're on to something - something big... Tags: economic data To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Your Gut Feeling Is Right: You Are Worse Off Now Than During the Recession appeared first on Money Morning - We Make Investing Profitable .