Umich sentiment drops as more and more people are being pushed out of the market, auto spending outlook falls by the waste side and student loan debt is rising as delinquencies start to kick in. Student loans is the Millennial’s worst nightmare, they have so much debt that they cannot function in the real world, many went to college hoping to get a high paying job, but all they received was debt and a low paying job. The narrative shift is almost complete a couple more rate hikes by the Fed and Trump contradicting them will seal the deal.
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