General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums****BREAKING NEWS****Consumer sentiment falls to 29-month low. Uncertainty rises due to TSF actions.
A survey of consumer sentiment fell to a 29-month low of 57.6 in March, the University of Michigan said. The index registered 64.7 in February.
Consumer sentiment helps gauge how Americans feel about their own finances as well as the broader economy.
The stock market has fallen sharply in response to President Trumps tariffs and renewed talk of recession. Persistent inflation and high egg prices have added to the worries.
Many consumers cited the high level of uncertainty around policy and other economic factors, said Joanne Hsu, director of the survey. Frequent gyrations in economic policies make it very difficult for consumers to plan for the future, regardless of ones policy preferences.
https://www.marketwatch.com/story/consumer-sentiment-falls-to-29-month-low-uncertainty-rises-due-to-trump-actions-11af2795
I'm of two minds about TSF killing our economy. It's all fun and game until someone loses their job, their investment, and their savings.

Bernardo de La Paz
(53,186 posts)durablend
(8,299 posts)"THE FAR LEFT MEDIA WILL NOT SWAY US FROM OUR MISSION!!!!"
Qutzupalotl
(15,282 posts)I get the sentiment. It would be good to see Trump fail spectacularly (or succeed in demolishing America) so Republicans lose Congress. But we are all in the same boat, most of us anyway. He goes down, he takes a lot of Americans with him. So I'd rather not help him destroy things, or hurt the economy so badly that the population feels it. He's doing enough damage on his own.
What that means in terms of the CR, I don't know. I'd be inclined to vote no on principle, but there are enormous dangers with either path.
Initech
(104,177 posts)
GoYouPackersGo
(216 posts)*real* Federal elections.
Initech
(104,177 posts)I'm wondering what the line is where the latter will be involved.
Owens
(448 posts)This is what Trump wants, to control the masses. We've seen this movie, The Hunger Games
GiqueCee
(1,927 posts)... EVERYTHING HE SAYS AND DOES IS FOR PUTIN!
Don't think for one second that it isn't. Which makes him a traitor. And if you support a traitor, you ARE a traitor.
And do NOT give Republicans one iota of support, or cave in to their evil demands. They are rotten to the very core of their being.
This is a no-win situation, but one course of action makes you complicit in their crimes, while the other at least leaves you with your honor and self-respect intact.
I'm looking at YOU, Chuck.
multigraincracker
(35,127 posts)NotHardly
(1,918 posts)multigraincracker
(35,127 posts)progree
(11,705 posts)but still the S&P 500 is headed for its 4th weekly loss, according to another article there.
https://finance.yahoo.com/
SergeStorms
(19,487 posts)and got their fellow whales to stop the bleeding. Going into the weekend with another loss would have been disastrous. I expect some early profit taking Monday, then we'll see how things settle out after that.
There's no reason for anyone to think tRump's policies will have a positive effect on the economy. Today was "irrational exuberance."
W_HAMILTON
(8,798 posts)


uponit7771
(92,545 posts)Blue Full Moon
(1,852 posts)OrlandoDem2
(2,590 posts)Cars are already up in price. My father in law said avocados have doubled at Costco.
Do not spend unless necessary.
I am prepared for the fallout of a recession. My job as a public school teacher will be made harder with less sales tax but we cant keep giving to dictators like Musk, Trump, Vance, or DeSantis! They are all wicked people.
Figarosmom
(4,793 posts)Over 50%?
progree
(11,705 posts)Chart: http://www.sca.isr.umich.edu/files/chicsr.pdf
Here's a better one from the finance.yahoo.com link below:

Here's one going back 50 years:
http://www.sca.isr.umich.edu/files/chicsh.pdf
Another going back to 2003 (22 years) is in this article:
https://finance.yahoo.com/news/americans-sour-on-economy-as-inflation-expectations-hit-highest-level-since-1991-145631578.html
progree
(11,705 posts)12 month inflation expectation: from 4.3% in February to 4.9% in March,
5 year inflation expectation: from 3.5% in February to 3.9% in March
A headline says that the inflation expectation is at a 34 year high
https://finance.yahoo.com/news/americans-sour-on-economy-as-inflation-expectations-hit-highest-level-since-1991-145631578.html
Long-run inflation expectations, which track expectations over the next five to 10 years, climbed, too, hitting 3.9% in March, up from 3.4% in February. This marks the highest level of long-term inflation expectations since 1991. Also in the release, the expected change in unemployment hit its lowest level since the Great Financial Crisis.
There's a graph of the 5-10 year inflation expectation too at the finance.yahoo link above, as well as one of the Consumer Sentiment that's better than the one I embedded in post #12 above because it goes back to 2003.
absyntheminded
(221 posts)post bad survey/polling numbers. How dare they! Next new target, University of Michigan's Dean, faculty and staff. No polls/surveys, no bad news, much like the rationale of "stop the covid testing, there's too much testing. If we stop the testing, there won't be any more covid"
Aussie105
(6,883 posts)If you fear for your income and see the price of goods rising, you trim back your spending.
You forget discretionary items, push the idea of a replacement items that you really would like but don't need right now, off to a future date.
Essential items like food sees you look for cheaper alternatives, and if you home cook, tend to minimize on the more expensive ingredients.
We went through that in the COVID years. And earlier economic downturns.
Purse strings pulled firmly tight.
Does NOT feel good doing that.