Best I can tell, all the Vibecession stuff links to Consumer Sentiment/Confidence.

That, in turn, relates to a whole bunch of economic things ... that mostly don't involve wage growth but instead Unemployment (not a current factor) and Inflation/expectations (def a factor).

April 12, 2026 - 14:45 UTC

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But that still leaves a broader question of why, even when you account for inflation consumer sentiment is still negative relative to the last 70 years (of varying inflation/much higher unemployment) ...
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... I think the answer to that is that when people list variables that drive Consumer Confidence it's not just current/recent economic performance *but also the evaluation of the political system that oversees the economy*.
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