Desert Hound
DA
US Consumer Sentiment Slumps to Record Low on Rapid Inflation
US consumer sentiment plunged in early June to the lowest on record as soaring inflation continued to batter household finances.
The University of Michigan's preliminary June sentiment index fell to 50.2, from 58.4 in May, data released Friday showed. The figure was weaker than all estimates in a Bloomberg survey of economists which had a median forecast of 58.1.
And the WH is in Baghdad Bob mode saying everything is great people!! We are doing well..he says.
The reality? People vote their pocketbook. Right now prices are through the roof. November is going to be ugly.
US consumer sentiment plunged in early June to the lowest on record as soaring inflation continued to batter household finances.
The University of Michigan's preliminary June sentiment index fell to 50.2, from 58.4 in May, data released Friday showed. The figure was weaker than all estimates in a Bloomberg survey of economists which had a median forecast of 58.1.
And the WH is in Baghdad Bob mode saying everything is great people!! We are doing well..he says.
The reality? People vote their pocketbook. Right now prices are through the roof. November is going to be ugly.