Consumer Sentiment Alert
In July 1980, the University of Michigan’s Index of Consumer Sentiment stood at a ghastly level of 62.3. Later that year, Carter was tossed out of office in a vast landslide.
In July 1984, however, consumer sentiment was measured at a very strong level of 96.6. Reagan, of course, just barely defeated Mondale that November . . . by over 500 electoral votes.
On the other hand, in July 1992, the University of Michigan’s Consumer Sentiment Index measured a paltry 76.6. Bush 41 was turned out of office that Fall.
But then in July 1996, consumer sentiment came in at a healthy level of 94.7. And Clinton trounced Bob Dole in the Electoral College that November.
I seem to sense a pattern here, but, then again, that’s just me.
Anyway, how is this all relevant, you ask?
Earlier today, the University of Michigan issued its preliminary reading for their Index of Consumer Sentiment for July of this year. It came in at . . . . drum roll . . . . 96.
We report, you decide.
P.S. – If you want to fact check the historical data for yourselves, you can do so by navigating this web site.
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