But there might be something to the snark. Consumer Sentiment in U.S. Unexpectedly Surges to 13-Year High.
The jump in sentiment, which was greater than any analyst had projected, may reflect several trends: falling gasoline prices following a hurricane-related spike; repeated record highs for the stock market; a 16-year low in unemployment; and post-storm recovery efforts driving a rebound in economic growth.One of these years, we might have business and economic reporting that fights shy of the broken window fallacy.
The advance in the main gauge spanned age and income subgroups as well as partisan views, according to the report. Almost six out of every 10 consumers thought the economy had recently improved in early October, the university said.