US consumer sentiment plummets to second-lowest level on records going back to 1952 (1 Viewer)

[NJBob]

Seems a lot of people fell for the rhetoric.

And those same people are now buying into Trump’s new line about “a little pain” is needed first.

Amazing how so many people have such an incredibly short memory.

 

[ElChupacabra]

And those same people are now buying into Trump’s new line about “a little pain” is needed first.

Amazing how so many people have such an incredibly short memory.

Maybe all Harris had to say was people needed to endure "a little pain" and everything would be ok.

 

[EnchantedMuggle]

It's a bit difficult to be optimistic about the economy when one person is trying to destroy it and a lot of people are ignorantly cheering as the car careens towards the cliff.

 

[Helix]

 

[CaughtInThe]

 

[NoMoreDems-Reps]

Trump has the proven mentality of a fifth grader. I would never listen to what he says with any surety. There are hundreds of economists, left and right who don't agree with his tactics.

You listen to Trump, and I'll listen to the academics.

Wow, we heard this BS before, yet after biden got installed he SCREWED up America far worse than how Trump left it (yet Trump was dumber than a 5th grader)!

But you will listen and believe ANYTHING that the lying MSM will tell you , especially when it feeds your hate for Trump, regardless of the facts that exist in Reality !......

I see. Say no more!

P.S. Trump is a hard ass business man, don't listen to his words, look at what his goals are and see if he gets results, and remember he is fighting for America!

 

[NoMoreDems-Reps]

Trump is an idiot and his supporters are stupid.

LOL!
Says the losers who screwed things up and want America to be harmed !

 

[iliveonramen]

Wow, we heard this BS before, yet after biden got installed he SCREWED up America far worse than how Trump left it (yet Trump was dumber than a 5th grader)!

But you will listen and believe ANYTHING that the lying MSM will tell you , especially when it feeds your hate for Trump, regardless of the facts that exist in Reality !......

I see. Say no more!

P.S. Trump is a hard ass business man, don't listen to his words, look at what his goals are and see if he gets results, and remember he is fighting for America!

I'll take Biden "sleeping" on the job rather than Trump any day of the week. I bet if we held elections tomorrow most Americans would as well.

 

[NoMoreDems-Reps]

Interesting how Trump did not explain any of this during his campaign. He did not tell us any "pain" we might encounter. He did not say prices will go up due to the tariffs applied.

He actually told us prices will go down starting day one.

Seems a lot of people fell for the rhetoric.

The same reason why NO POLITICIANS talk about the pain that their Wonderful Policies will cause !

But in this case the pain and suffering will be short lived then things will be better for America.

Day one Trump did a lot of GOOD things that will cause inflation and prices to go down ....
So if you people on the left only get mad that Trump does not fix the STUPID Crap your party does instantaneous, you really
need to look inward to try and fix your insane hypocrisy, and learn to be grateful when someone helps your/ saves you from yourself!

 

[NoMoreDems-Reps]

I'll take Biden "sleeping" on the job rather than Trump any day of the week. I bet if we held elections tomorrow most Americans would as well.

You are saying this ~ 2months after Trump took office ! We have not had time to see what Trump is doing Good (or Bad) for America !
Wait 100 days, 1 year, or 2 years, and lets see how Trump's Policies effect America!

Just by Trump's actions I already see that Trump is fighting to Help AMERICA far more that Biden, the DEM's and the Status Quo GOP.
Hopefully more Americas will stop allowing the Media to manipulate/gaslight them and see what a GOOD President does for America!

 

[iliveonramen]

You are saying this ~ 2months after Trump took office !

Yes, which is insane because there has been a lot of damage in just under 3 months.

Just by Trump's actions I already see that Trump is fighting to Help AMERICA far more that Biden, the DEM's and the Status Quo GOP.
Hopefully more Americas will stop allowing the Media to manipulate/gaslight them and see what a GOOD President does for America!

If that's what you see, that's what you see. I see him damaging our relationship with our allies, fighting a trade war with China, and it being done in a very chaotic manner.

If you're going to fight a trade war with a country you trade a lot with and is also the 2nd largest economy in the world, why would you piss off your allies? Why wouldn't you work with them and try and force China to change how they do business? Why would your first step be to isolate the US

 

[mike2810]

The same reason why NO POLITICIANS talk about the pain that their Wonderful Policies will cause !

But in this case the pain and suffering will be short lived then things will be better for America.

so you can see the future. How many times have you won the lottery being seeing the correct numbers.

Day one Trump did a lot of GOOD things that will cause inflation and prices to go down ....

and those good things were?

So if you people on the left only get mad that Trump does not fix the STUPID Crap your party does instantaneous, you really
need to look inward to try and fix your insane hypocrisy, and learn to be grateful when someone helps your/ saves you from yourself!

once again, I am not a member of the Democrat Party.
Back at you. The GOP which I was a member for most of my life is no longer the GOP. It is the Trump Party.

Wow on you last statement. I need no one to help save me. Quite comfortable in my life and financial situation.

Have a good one.

 

[Simon W. Moon]

Trump is making HUGE Changes to Help America, and all the Nations that are currently taking advantage of America DO NOT WANT TO END THEIR GRAVY TRAIN !....

So "YES" they will be a period of volatility/turmoil/chaos, but when things get resolved, America will be in a much better place!
The Dollar will be stronger, more good will be made in America, and we will sell more good world wide !

Do you believe this will this happen during Donald Trump's lifetime?

 

[Simon W. Moon]

It's a bit difficult to be optimistic about the economy when one person is trying to destroy it and a lot of people are ignorantly cheering as the car careens towards the cliff.

How can confidence recover while the damage is ongoing with promises of more to come?

THE Source of the economic hardships is still in place and taking action.

 

[exoplanet]

So "YES" they will be a period of volatility/turmoil/chaos, but when things get resolved, America will be in a much better place!

Well, I bet things will get better in about 4 years when Trump leaves.

What's your timeline? What would it take to make America a "much better place" than it is now?

 

[Helix]

How can confidence recover while the damage is ongoing with promises of more to come?

THE Source of the economic hardships is still in place and taking action.

The action that I'm going to take is to go to work tomorrow and wait it out. I don't really see other viable options.

 

[Simon W. Moon]

The action that I'm going to take is to go to work tomorrow and wait it out. I don't really see other viable options.

make friends with farmers
prepare for troubles

 

[Helix]

make friends with farmers
prepare for troubles

I already know farmers, and I'm familiar with waiting things out.

 

[Ishm]

With the amount of debt the US is carrying, and the need for a well supported US$, external confidence is critical. With an economy that is primarily driven by consumer consumption, internal confidence is critical. It appears that now we have neither, and the more Trump talks, the worse things get. The big questions now are - 1) Can Trump restore confidence in any way at all? 2) Is Trump smart enough to be able to do that even if it is possible? And 3) If it is possible, will Trump be able to put his ego aside long enough to do what is necessary?

 

[Simon W. Moon]

With the amount of debt the US is carrying, and the need for a well supported US$, external confidence is critical. With an economy that is primarily driven by consumer consumption, internal confidence is critical. It appears that now we have neither, and the more Trump talks, the worse things get.

consider also that Trumpco infinite wisdom also called for loudly gutting the IRS

So, confidence that the IRS will enforce tax laws is also down

which might have a practical effect on our national income

The big questions now are - 1) Can Trump restore confidence in any way at all? 2) Is Trump smart enough to be able to do that even if it is possible? And 3) If it is possible, will Trump be able to put his ego aside long enough to do what is necessary?

Trust is easy to lose.
Given the erratic nature of Trump's decisions, I am unsure if there's way for people to decide he won't suddenly be erratic some more.

I do not think Trump gives a shit though.

Even if there were a way for Trump to fix this AND if Trump were smart enough to figure it out AND if he were capable of putting his ego aside,
he wouldn't



unless it benefitted him

 

[dobieg]

University of Michigan sentiment report is and has been a joke dripping with poltical bias on both ends

PCE is a better gauge. If people are feeling negative or uncertain, spending and prices will go down.

 

[yankintx]

Trump is making HUGE Changes to Help America, and all the Nations that are currently taking advantage of America DO NOT WANT TO END THEIR GRAVY TRAIN !....

So "YES" they will be a period of volatility/turmoil/chaos, but when things get resolved, America will be in a much better place!
The Dollar will be stronger, more good will be made in America, and we will sell more good world wide !

Now all you people on the Left have been trained to FREAK OUT over ANYTHING Trump does by the Media (Who has been lying to you since Trump ran the first time) ! But you need to sit back take a breath LISTEN to what Trump is saying , and watch things unfold!

The trade imbalance is due to the US going from a manufacturing based economy to a service based economy. Stop thinking 1950, those manufacturing jobs are now robotic, those blue collar jobs are gone, never to return.

Gravy train? Low priced goods consumed by Americans are now going to cost more.

It's basic economics, Trump still lives in 1950, get real.

The rubes in PA also believed Trump when he told them 2016 that steel jobs where coming back, they did not.

This is no different, except many still choose to believe a man who thinks it's still 1950 America to be recaptured.

 

[yankintx]

The same reason why NO POLITICIANS talk about the pain that their Wonderful Policies will cause !

But in this case the pain and suffering will be short lived then things will be better for America.

Day one Trump did a lot of GOOD things that will cause inflation and prices to go down ....
So if you people on the left only get mad that Trump does not fix the STUPID Crap your party does instantaneous, you really
need to look inward to try and fix your insane hypocrisy, and learn to be grateful when someone helps your/ saves you from yourself!

Tell us why Trump did not fix these problems the first time 2016-2020?

 

[j brown's body]

Wow, we heard this BS before, yet after biden got installed he SCREWED up America far worse than how Trump left it (yet Trump was dumber than a 5th grader)!

But you will listen and believe ANYTHING that the lying MSM will tell you , especially when it feeds your hate for Trump, regardless of the facts that exist in Reality !......

I see. Say no more!

P.S. Trump is a hard ass business man, don't listen to his words, look at what his goals are and see if he gets results, and remember he is fighting for America!

He's the bankruptcy king.

 

[CaughtInThe]

biden