The University of Michigan consumer survey is out for August and the results show improvement … from disastrous to just plain horrible.
The University of Michigan Buying Conditions for Houses remained depressed and didn’t improve.
Bear in mind that today’s consumer sentiment reading in the lowest since 1970, lower than during any recession.
The Conference Board’s leading economic indicator plunged in June despite nearly $8 trillion in Fed stimulus still outstanding.
The good news? President Biden and his son Hunter boarded Air Force One for a carbon-spewing plane trip to South Carolina for a one-week vacation. At least he can do less damage to the US while on vacation.