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As Stocks Hit Record Highs, Americans' Consumer Confidence Collapses To Record Low
As Stocks Hit Record Highs, Americans' Consumer Confidence Collapses To Record Low
With the "mini war" still ongoing (albeit with a 'ceasefire' in place), expectations were for UMich consumer sentiment to continue languishing at record lows in final May data released this morning.
And it did, with the headline sentiment - along with both Current Conditions and Expectations - all plunging to record lows...
Source: Bloomberg
Yep... Americans have never been more miserable... Black Friday, meh; 9/11, nothingburger; GFC, fleshwound...
“The cost of living continues to be a first-order concern, with 57% of consumers spontaneously...
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