Listen to the audio version of this article (generated by AI).
The Lower-K consumer is falling behind… 5 trillion reasons why Wall Street hasn’t cared… what will spark the reckoning… watch growing anti-AI legislation… exactly when it all ends
Two weeks ago, the University of Michigan’s Consumer Sentiment Index sank to 48.2 – the lowest reading in the survey’s 74-year history.
That’s a lower consumer sentiment reading than during the Great Financial Crisis. Lower than the Dot-Com Crash. And lower than every recession in modern American history.
Meanwhile, last week, the AI semiconductor company Cerebras Systems went public at a $100 billion valuation after being 20 times oversubscribed.
