Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
Consumer confidence index in the US plunged to its lowest level since November 2011, hinting the Americans are feeling worse about the economy than they have in a long time. The drop in the consumer confidence index is the latest swing for the volatile measure, which has been on a roller-coaster for much of the past year.
Stocks have outpaced Wall Street forecasts to an unprecedented degree this year. It almost always works the other way around.