> This would explain why 99% or so of the US population's lived experience is that we're currently in a recession yet the economic statistics make it look like

> This would explain why 99% or so of the US population's lived experience is that we're currently in a recession yet the economic statistics make it look like the economy is booming. In the context of reporting talking about benefits to the super rich, I actually can't tell if this claim about the 99% is intended to be literal or hyperbole. But the Michigan consumer sentiment and expectation numbers and process seem to indicate that it's certainly not such an overwhelming majority who are worse off and expect to get worse off. Both ICS and ICE are up from this time last year, even if they're below their longer-run averages. And the inputs of these are variables that are based off of favorable% - unfavorable% for survey questions. http://www.sca.isr.umich.edu/ http://www.sca.isr.umich.edu/