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News Flash: People Hate High Prices
Consumer sentiment undershot expectations in early October, according to the preliminary read on the country's marquee mood gauge.
At 68.9, the University of Michigan headline was lower from September and short of the 71 consensus.
This is the same story month after tedious month. Sentiment -- even when it inflected late last year during the Yellen-Powell "everything rally" -- remains very depressed. The "vibecession," so to speak, is ongoing.
The simple figure above underscores the point.
My God, are you actually siuggesting that the majority of Main Street voters are not religiously following the dot plots? Will the next set of dot plots be released before the election?
Buckle up your seat belts folks. Depite DJT’s efforts to shoot himself in the foot with women and Latinos, grocery prices plus “the crisis on the border” will probably end up determining the election in Triump’s favor. It’s not just Main Street – I’m both amazed and horrified how m any classmates from my elite east coast college will claim while they don’t like Trump they like his economic policy proposals.Asked which ones, there’s amazing igornace. But these nice wealthy white boys sure don’t like darkies swarming over the border or beng subjected to gay people being shown in TV shows, advertisements and such.