Despite storms, wildfires, quakes, higher gas prices, and failed Washington policies, Americans are - according to The University of Michigan - their most confident since January 2004.
But we think it's clear what is driving the optimism... total delusion!
Americans - Stock - Market - Months
Americans have never been more confident that that stock market will rally further in the next 12 months...
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Fact - Half - America - Paycheck - Comfortably
And despite the fact half of America lives paycheck to paycheck, they have never, ever, been more confident of retiring comfortably...
Additionally, inflation expectactions - both short- and medium-term - tumbled in October.
Expectation - Income - Growth
Expectation for income growth soared to their highest since 2006!
As UMich notes, consumer sentiment surged in early October, reaching its highest level since the start of 2004. The October gain was broadly shared, occurring among all age and income subgroups and across all partisan viewpoints.
Sense - Consumers - Prospects
There is an unmistakable sense among consumers that economic prospects are now about as good...
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