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No Confidence

11:36 AM, Nov 26, 2013 • By GEOFFREY NORMAN
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Michelle Jamrisko of Bloomberg reports:

Confidence among U.S. consumers unexpectedly declined in November to a seven-month low as Americans grew more pessimistic about the labor-market outlook.

Unexpectedly?  Have those who expected something different never heard of cause and effect? Or Obamacare?  Or, perhaps they were anticipating the latest of five "pivots to the economy” on the part of the White House and assumed that it would reassure consumers like nothing else possibly could.

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