More Evidence of Screwflation
I thought the University of Michigan consumer sentiment survey this morning was revealing.
Though the aggregate number reached the highest level in three years, it was entirely due to improved readings from higher-income households.
Among households with incomes greater than $75,000, the sentiment index rose 9.7%. However, the index fell 1.4% among lower-income households.
More evidence of screwflation of the middle class.
Insiders Buying Platinum Underwriters
This week, I am seeing several insider buy transactions in PTP.
Run, don't walk, to read this Wall Street Journal article that summarizes individual state budget shortfalls.
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