By Dan Weil The University of Michigan Consumer Sentiment index fell to 62.8 in February from 67.2 in January and 76.8 a year earlier. This doesn’t bode well for the economy. The University of Michigan Consumer Sentiment survey fell to a 10-year low of 62.8 in February from 67.2 in January and 76.8 a year earlier. The decline stemmed entirely from a 12.9% drop in confidence among people making $100,000 a year or more. “The February descent resulted from inflationary declines in personal finances, a near universal awareness of rising interest rates, falling confidence in the government’s econom…