Quote:
Originally Posted by CliffFletcher
Record-High Optimism on Personal Finances in U.S.
https://news.gallup.com/poll/284264/...-finances.aspx
Millennial progressives act as though they're the first generation to feel discouraged and resentful about the economy. But note how in '82, when the median Boomer was 27 years old, only 23 per cent of Americans felt better off than in the past, versus 59 per cent today.
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This just shows that optimism reaches highs at the end of a business cycle shortly before it crashes. This has been a very long cycle, largely being fueled by low rates and several rounds of QE. We're due for those lines in the chart to cross again and the big question is just whether or not it happens quickly enough for Trump to lose the confidence of Americans before November, assuming the elections are even fair in November. It has possibly already started.