Consumer sentiment fell nearly 11% from March to April and 34% from this time last year, according to new data from University of Michigan’s authoritative survey, released Friday.
The drop continued a three-month trend brought about by Trump’s vow to impose tariffs on products imported to the U.S., a promise Trump fulfilled last week in what he called a “Liberation Day” ceremony at the White House.
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The Yale Budget Lab estimated the average household will be $4,700 poorer as a result of Trump’s tariff gamble.
America’s decline will come at some point, sooner or later, so I might as well play the game. Short the American stock market before it crashes and World War 3 happens!