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 ...
