by Karl Denninger, Market Ticker:
…. a recession when the stock market is at all-time highs and the con-suuuuumer is strong.
How’d that work out in 2007? The stock market was at all-time highs. The consumer was extraordinarily strong.
Further, is the con-suuuuumer actually “really strong”? How’s that student debt doing? Speaking of which, how is credit card debt doing?