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Consumer Sentiment Just Hit Its Lowest Level in History!!
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Consumer Sentiment Just Hit Its Lowest Level in History
David Bird posted an interesting chart recently that really got me thinking.
For decades (60s, 70s, 80s, 90s), recessions were fairly regular.
The economy would boom, overheat, reset, recover, and repeat.
But since the Global Financial Crisis, we’ve basically avoided proper recessions only the short COVID one, which was heavily cushioned by massive stimulus and money printing.
Now consumer sentiment is at record lows, even while the stock market is still relatively high.
There’s a big disconnect between Wall Street and Main Street right now.
The average person is feeling the pressure every day:
• Higher food prices
• Rising rents and mortgages
• Expensive insurance and energy bills
• Working harder just to stay in the same spot
Recessions aren’t fun, but historically they’ve been healthy they clear out weak businesses, reduce debt, and reset the system.
The question is: Have we delayed the normal economic cycle for so long that when the reset finally comes, it could be a much bigger adjustment than most people expect?
Curious to hear your thoughts.
Do you think we’re heading for a recession, or is “this time different”?
Drop your take below 👇
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Consumer Sentiment Just Hit Its Lowest Level in History!!
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