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Wishful Thinking
Way back last month, consumer confidence in the US soared the most since "stimmy" was a hashtag and Joe Biden was a popular president. (Ah, the good ol' days.)
Fast forward a month and the mood improved further, according to the Conference Board. The headline for November was 111.7, the highest since July of 2023. Last month's reading was revised up.
The cutoff for responses was the 18th, so there was ample time for Americans to incorporate the election results into their subjective assessment
Are you saying it’s maybe a good time to start learning Russian?
Ima say some fun things in the Monthly Letter.
The proposed tariffs on food products from Mexico and Canada will help drive down inflation.