Definition of 'Consumer Goods'
Products that are purchased for consumption by the average consumer. Alternatively called final goods, consumer goods are the end result of production and manufacturing and are what a consumer will see on the store shelf. Clothing, food, automobiles and jewelry are all examples of consumer goods. Basic materials such as copper are not considered consumer goods because they must be transformed into usable products.
Investopedia explains 'Consumer Goods'
The measurement of consumer goods sales is important in the assessment of gross domestic product and in determining the health of the overall economy. Demand for consumer goods indicates whether consumers are willing to part with cash. Items are only counted as consumer goods once - if they are resold, they will not be included in economic calculations.
So.. in 2008 I bought what?
Well for one thing I bought SZK - ProShares UltraShort Consumer Goods (ETF)
Because I thought we were toast.. economically speaking..
Turns out the American consumer between 2008 & NOW has never been in better shape!
At least according to this monthly chart.. (Mentioned ProShares UltraShort Consumer Goods SZK (ETF))
Click for larger image
So who TF needs to "help" the middle class?! Apparently they have done just stupendously since 2008..
That is unless you believe short ETFs were targeted by the Federal Reserve bank & government of the United States..
The Mother of all short squeezes?
I still think we're toast..