The Return of Peak Delusion: Americans Most Confident in Economy Since Just Prior to Dotcom Crash

Welcome back to the heyday of zero-earnings companies with billion-dollar valuations…’Present Situation’ sentiment is again wildly out of line with fundamentals and intrinsically wrong. The Conference Board’s Consumer Confidence hit its highest level since March 2001, as short-term junk-policy Kool-Aid drinkers rejoice en masse.

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