Buffett seems to have a knack for these sorts of times. He may be noticing some overvaluation and unmitigated risks

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Consumer sentiment tumbles as ‘recession-like’ symptoms spread among Americans

Consumer sentiment in the U.S. dropped to an eight-month low in July, according to the Consumer Sentiment Index from the University of Michigan.

While the U.S. technically isn’t in a recession, a survey by Affirm found that roughly 3 out of 5 Americans believe it is. In a 2024 poll, Gallup found that one-third of Americans mentioned economic issues as the nation’s most important problem.

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“I think that the economy is really top of mind for people,” said Joanne W. Hsu, the director of the Surveys of Consumers at the University of Michigan. “We are in a very strange situation where people don’t feel like they’re thriving in spite of many strong indicators in the economy.”

https://www.cnbc.com/2024/08/14/heres-why-the-economy-feels-recession-like-for-many-americans.html





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