Forget the Consumer Surveys, Businesses Say We’re in a Boom
Gloom and doom is everywhere these days — except in the economic data or in business planning meetings.
Surveys of consumers suggest that these are the worst of times. The University of Michigan’s consumer sentiment index keeps hitting all-time lows. The Economist/YouGov poll shows 63 percent of Americans say the economy is getting worse, including a third of Trump voters. Eighty-four percent of Democrats say we are either already in a recession or likely to be in one in the next 12 months.
Businesses aren’t seeing it. The Atlanta Fed released its latest Survey of Business Uncertainty…
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