The Consumer Sentiment Puzzle Deepens
Unhedged, along with most everyone else, has been puzzled for some time about why the economy looks strong but consumer sentiment is terrible.
The University of Michigan’s consumer surveys also indicate perceptions of current economic conditions and consumer expectations are down as much as 26 per cent over the past year.
survey respondents may be sensitive not to the level of employment but their sense of opportunity — the feeling that they could get a new job if they needed to.
THERE WE HAVE IT! All the Bitcoiners are already balls-deep in orange, and the nocoiners think the economy is going to shit, so ain't spending on some orange dream!
Median home prices have been flattish since 2022; the steady appreciation of the decade before that is a thing of the past. The American dream is not paying a lot for a house that fails to appreciate. (#1423402)
+, author suggest a bunch of negative news/newsfeed from biased algos. Oh well, what else is new
Remember during the Biden admin when the Democratic commentaors were trying to tell Joe six pack how good it was, they just weren't seeing it.
I get these vibes now.
JOE SIX PACK!! forgot