The Lowest Confidence Ever Recorded—And That’s Not a Fluke Let’s not sugarcoat it. Consumer sentiment in the United States just dropped to the lowest level on record going back to 1978. That’s not during a recession. Not during a financial crisis. Right now. The University of Michigan index fell to 49.8, a number that signals something deeper than temporary anxiety. This is what happens when people start losing faith—not just in prices stabilizing, but in the system itself holding together. And once confidence cracks, everything else tends to follow. Inflation Expectations Are Spiking Again Here’s where it gets dangerous. Consumers now expect inflation to hit 4.7% over the next year, a massive jump from the previous month. That kind of…
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