The present situation index declined to a reading of 70.7 from 73.6 in July. The future expectations index grew though, increasing to 88.7 from 86.0 in July.
Consumer confidence reached 82.1 in June, but excluding that this is the highest confidence has been since January 2008.
In his 2021 year-end letter, Baupost's Seth Klarman looked at the year in review and how COVID-19 swept through every part of our lives. He blamed much of the ills of the pandemic on those who choose not to get vaccinated while also expressing a dislike for the social division COVID-19 has caused. Q4 2021 Read More