Justin Wolfers Re-poster

American consumers haven't felt this gloomy since the survey began in 1952! 🥶 The May Index dropped sharply to 44.8, driven heavily by cost-of-living anxieties and spiking fuel prices. Consumer spending drives nearly two-thirds of the US economy, meaning recession warning lights are flashing bright red on the legacy dashboard. Yet, look at the crypto markets—holding their ground, breaking structures, and ignoring the traditional fear index. This is the power of a decentralized asset class. When fiat confidence dips, digital scarcity shines. 🪙✨ Drop your bias in the comments: 🔴 Bearish on Macro, Bullish on Crypto 🔵 Bearish on everything until the dust settles#USConsumerSentimentThirdMonthDecline