Still crazy to me consumer sentiment is close to what it was like during the Great Recession.

in consumer •  last year 

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Though actual consumer behavior belies the sentiment- consumers aren't behaving like it is the Great Recession. It probably means we should discount reliance on consumer sentiment as a leading indicator. A lot of the recession prediction models rely on it to some degree, which probably hasn't helped with prediction accuracy.

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Or another way to put it is that consumer sentiment is exactly where it was in April 2020 which is bonkers.

Inflation is obviously higher than it was during the Great Recession, but it was much, much higher in the 70s as was unemployment. So it isn't just because of inflation. And unemployment is very low right now.

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