Brainwashed Democrats Continue To See Imminent Inflation-pocalypse; But UMich Sentiment Improved Intra-Month [zero hedge]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: zero hedge
Brainwashed Democrats Continue To See Imminent Inflation-pocalypse; But UMich Sentiment Improved Intra-Month Having been widely mocked - and quantitatvely denigrated by Goldman Sachs - this morning's final print for UMich consumer sentiment for April is now a must watch. As a reminder, Goldman explained that the Michigan measure has been especially susceptible to the tariff news recently for three reasons. First, inflation expectations in the survey have become extremely partisan. Second, the share of respondents in the Michigan survey who are Democrats has always been consistently higher than the share of respondents who are Republicans Third, switching from a phone-based to an online-based data collection process has led to more extreme answers on inflation expectations. These three issues together have boosted short-term inflation expectations in the Michigan survey by about 1.3pp and long-term inflation expectations by 0.5pp since 2024Q4. In particular, the change in distribution
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