Ok...Trump puts tariffs on Canadian and Mexican steel so they put tariffs on more of our stuff...this goes on for a year, everyone paying more than they need to. After a year or so Trump takes off the tariffs and everything goes back to normal, with nothing gained for the year of tariffs. You call that winning, I call that a wasted year.
I am not sure of a less meaningful stat than the consumer sentiment index. The consumer sentiment index was at 97 in Jan of 2007, less than a year later we were in a recession. Most consumers are really not all that in touch with the bigger picture.
You know what else is maxed out right now..consumer debt...credit card debt and personal loan debt are at all time highs. So, these same consumers that are feel so good are maxing out their debt because they are too ignorant to know that it will not last forever.
You know what is not maxed out right now, personal savings. People are adding debt and not savings during this booming economy...what do you suppose that will mean when the next correction/recession hits?