Jump to content

Recommended Posts

Consumer Sentiment Unexpectedly Crashes on Rising Inflation Fears, Weakening Income Expectations

 

“Consumer confidence in early May tumbled due to higher inflation–the highest expected year-ahead inflation rate as well as the highest long-term inflation rate in the past decade,” said Richard Curtin, the survey’s chief economist.

 

The current conditions component of the index tumbled 6.6 percent to 90.8, also missing expectations. The expectations component fell 6.2 percent to 77.6 percent.

 

The inflation-driven decline in consumer sentiment follows data this week that showed both the Consumer Price Index and the Producer Price Index rising much higher than economists expected. It is likely to fuel the idea that analysts at the Federal Reserve and on Wall Street have underestimated the inflationary pressures in the U.S. economy.

 

https://www.breitbart.com/economy/2021/05/14/consumer-sentiment-unexpectedly-crashes-on-rising-inflation-fears-weakening-income-expectations/

Link to post
Share on other sites

97,473 times.

 

What?  I thought it was a contest for who's seen the most "and it starts" spookiness threads started by a tweaky-touchy Deplorable doing his best Chicken Little. 

Link to post
Share on other sites
Just now, RickyTavy said:

97,473 times.

 

What?  I thought it was a contest for who's seen the most "and it starts" spookiness threads started by a tweaky-touchy Deplorable doing his best Chicken Little. 

Consumer confidence is the engine, and it's sputtering.

 

Time to pull off the road.

Link to post
Share on other sites
1 minute ago, rippy38 said:

Consumer confidence is the engine, and it's sputtering.

 

Time to pull off the road.

Gonna take your $20 out of scapegoat futures and put it back in the coffee can?

Link to post
Share on other sites
49 minutes ago, rippy38 said:

Consumer Sentiment Unexpectedly Crashes on Rising Inflation Fears, Weakening Income Expectations

 

“Consumer confidence in early May tumbled due to higher inflation–the highest expected year-ahead inflation rate as well as the highest long-term inflation rate in the past decade,” said Richard Curtin, the survey’s chief economist.

 

The current conditions component of the index tumbled 6.6 percent to 90.8, also missing expectations. The expectations component fell 6.2 percent to 77.6 percent.

 

The inflation-driven decline in consumer sentiment follows data this week that showed both the Consumer Price Index and the Producer Price Index rising much higher than economists expected. It is likely to fuel the idea that analysts at the Federal Reserve and on Wall Street have underestimated the inflationary pressures in the U.S. economy.

 

https://www.breitbart.com/economy/2021/05/14/consumer-sentiment-unexpectedly-crashes-on-rising-inflation-fears-weakening-income-expectations/

I know. Let’s spend another 4 trillion dollar we don’t have to “create” more jobs when there’s 15 million jobs unfilled! 
 

Right, @Toldya

Link to post
Share on other sites
2 hours ago, Squatchman said:

  And again.

 These trumpanzees do like their conspiracy theory sites!

Same one different thread even.

Watch 'em go!

 Hahahahahahahahahaha

Yes. We should only trust the MSM that’s lied so many times no one can keep count. 😆

Link to post
Share on other sites

Supply chain issues due to the pandemic.

When they're ironed out, things should settle down.

 

Of course, the fact that the trade war and all of the new trade deal stipulations designed to 'protect American jobs' are forcing manufacturers to buy more expensive, locally made parts isn't helping either.

 

But for the most part, this means is that the pandemic is officially over and people are feeling good about spending money again.

Link to post
Share on other sites
1 hour ago, Toldya said:

the trade war

 

 

Why did you support unfair trade deals with the United States?

 

why did you criticize people trying to fix it?

 

can you just answer these questions for once? 

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...