The University of Michigan's Consumer Sentiment Index fell to 47.6 in preliminary April 2026 readings released Friday -- a 10.7% drop from March's 53.3 and the lowest reading in the survey's 74-year history.
The index of consumer sentiment isn't broken; models that try to predict it just don't have the right input variables. I fix that and find that, yes, high nominal price levels explain why the vibes are so off. It's the prices, stupid www.gelliottmorris.com/p/2026-04-14 ...
-- G Elliott Morris (@gelliottmorris.com) Apr 14, 2026 at 7:30 AM
[image or embed]
@#3
IMF cuts growth outlook, warns world already drifting toward more adverse scenario
www.reuters.com
...
IMF cuts 2026 global GDP growth 'reference forecast' to 3.1% assuming short-lived Iran war
World is drifting toward 'adverse scenario' of 2.5% 2026 growth, IMF chief economist says
Deeper, longer conflict would push global economy to brink of recession, IMF says
IMF chief economist says oil above $110 a barrel in 2026, 2027 would make inflation hard to control
War to cause steep GDP drops for Iran, several Gulf states
...
*** Illegal US and Israeli War Against People of Iran Cripples Global Economy, Except for Oil Industry ***
"The world's top 100 oil and gas companies banked more than $30 million every hour in unearned profit in the first month of the unlawful US-Israeli war against the people of Iran.
Saudi Aramco, Gazprom, and ExxonMobil are among the biggest beneficiaries of the bonanza, meaning key opponents of climate action continue to prosper."
Todah rabah, Bibi!
Source: Big Oil Wins Again and We Lose Again

Drudge Retort Headlines
DOJ sues Denver over 'unconstitutional' Weapons Ban (70 comments)
Trump Pausing 'Project Freedom' (45 comments)
Dairy Farm Boycott Against Idaho Senator Highlights 'escalating' GOP Split (30 comments)
Greenland Ice Melt Has Surged and Scientists Are Alarmed (27 comments)
Republicans Make Jaw-Dropping $1B Demand for Trump's Ballroom (21 comments)
Alberta, Canada Separatist Group: We Have Enough Signatures (20 comments)
MAGA Fans Stun Analyst with Wild 'false flag' Accusations Against Trump (19 comments)
Trump Fights to Keep Eyes Open During Kids Fitness Event (16 comments)
Red State Teaches Slavery Was a 'Necessary Evil' (15 comments)
Trump Threatens to Blow Iran 'off the face of the earth' (15 comments)