[P]erhaps the voters are sensible and the economists are obtuse. And perhaps the indicators on which economists rely no longer mean what economists suppose them to mean.
[P]erhaps the voters are sensible and the economists are obtuse. And perhaps the indicators on which economists rely no longer mean what economists suppose them to mean.
The consumer confidence index has been on a down ward trend over all since an initial jump with vaccine rollouts. If you pick small parts of the graph and focus on fluctuations that support your argument you can make it look good but if you map it all the way back to the end of lock down, the trend is clear.
There are also other metrics beyond the consumer confidence index, such as Gallup’s economic confidence index which shows the same over all downward trend.
This is just the reality the number show, people are not happy with the sate of the economy and they don’t expect it to get better. Telling people they should be happier because unemployment is low is an awful political strategy.