Because fat former President Trump ruined our joke about positive economic news being a result of his poll numbers (his dumb fucking cokehead son even claimed China’s stock market taking a beating on Tuesday was a direct response to Trump’s win in Iowa), we just have to play this straight:
The University of Michigan’s US consumer sentiment index hit 78.8 this month, its highest mark since July 2021 and at 9.1 percent its biggest gain since 2005, beating a Bloomberg forecast of just 70.0 in yet another sign that Trump is going further ramp up taking preemptive credit for good news.
“Consumers exhibited stronger views on multiple facets of the economy, suggesting greater confidence of a soft landing,” University of Michigan economics egghead Joanne Hsu said in a statement, adding “Improvements in inflation expectations have been supported by perceptions of easing price pressures in buying conditions for both durable goods and vehicles.”