May
7
Consumer sentiment, from Steve Ellison
May 7, 2026 |
The US consumer sentiment surveys have become completely politicized and useless for economic analysis. When Biden was president, respondents who preferred the Republicans said they felt very bad about the economy. After Trump was elected, they felt very optimistic. Respondents who preferred the Democrats did the opposite. And yet bad consumer sentiment as expressed in surveys never turned into action. Consumers did not actually reduce spending.
Larry Williams suggests:
Use this one then:
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