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The University of Michigan’s Current Economic Conditions Index, which dates back to 1951, hit an all-time low in October’s preliminary survey. Trump claims credit for creating the strongest economy in American history. Yet consumers’ assessment of their finances and buying conditions is more negative now than during any of the crises listed below. 1951–1953: The Korean War 1953–1954, 1957-1958, 1960-1961: which included three recessions. 1962: The Cuban Missile Crisis and threat of nuclear war. 1963: President Kennedy’s assassination. 1960s–1975: The Vietnam War, including the Tet Offensive, the 1968 assassinations and widespread civil unrest. 1972–1974: Watergate and Nixon’s resignation. 1973–1975: The Arab oil embargo, gasoline shortages, inflation and recession. 1979–1982: The second oil shock, Iran hostage crisis, stagflation, exceptionally high interest rates and two recessions. 1987: The Black Monday stock-market crash. Late 1980s–1991: The savings-and-loan crisis, recession and Gulf War. 1997–1998: The Asian financial crisis, Russian default and Long-Term Capital Management collapse. 2000–2002: The dot-com collapse, 2001 recession and September 11 attacks. 2001 onward: The wars in Afghanistan and Iraq. 2007–2009: The housing crash, Lehman Brothers’ collapse, banking crisis and Great Recession. 2011–2012: The U.S. debt-ceiling confrontation, credit-rating downgrade and European debt crisis. 2020–2021: COVID, lockdowns, mass unemployment and recession. 2022: Russia’s invasion of Ukraine and the highest U.S. inflation in four decades.