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  "path": "/2026/06/still-sucks.html",
  "publishedAt": "2026-06-13T00:05:00.000Z",
  "site": "https://40yrs.blogspot.com",
  "tags": [
    "consumer confidence numbers",
    "Michigan"
  ],
  "textContent": "I am, of course, referring to the consumer confidence numbers, which rose marginally but remain close to last month's all time low.\n\nWe are in a recession.\n\n> Consumer sentiment improved to begin June, according to the University of Michigan’s monthly survey, as a retreat in gasoline prices boosted Americans’ economic spirits.\n>\n> The Michigan consumer-sentiment index bounced off its all-time low set in May to rise to 48.9 in the initial June reading, from 44.8 a month earlier. Economists polled by The Wall Street Journal had been expecting a reading of 46.\n>\n> A final June figure will be published later this month, based on additional interviews.\n> “Lower-income consumers exhibited a particularly strong sentiment increase, consistent with the fact that gasoline comprises a larger share of their budgets,” said Joanne Hsu, the survey’s director. She said sentiment overall remains downbeat, with concerns focused on a recent pickup in inflation.",
  "title": "Still Sucks",
  "updatedAt": "2026-06-13T06:06:00.403Z"
}