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

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https://twitter.com/RJRCapital/status/1823836532706594998

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.

“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