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Sentiment will always be pessimistic because optimism doesn’t trend on social media. Consumer sentiment isn’t meaningful in the social media era.
by chasd00 3y ago
Sentiment will always be pessimistic because optimism doesn’t trend on social media. Consumer sentiment isn’t meaningful in the social media era.
- dragonwriter 3y agoHeadline measures (like the overall consumer confidence index, or even the two major components of it), don't tell you much (the current situation portion tells you the same story as other broad economic indicators, the future expectations portion has been pure noise for a very long time.) I think some of the detailed components (current family situation and 6-month family expectation, for instance) do have some signal and are less a reflection of (social or other) media noise.