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DemocratSinceBirth

(100,699 posts)
Fri Mar 14, 2025, 10:18 AM Friday

****BREAKING NEWS****Consumer sentiment falls to 29-month low. Uncertainty rises due to TSF actions.

The numbers: A burst of optimism after Donald Trump won the presidential election has evaporated, as Americans weigh the effect of tariffs and other aggressive moves by the president to reshape the government and the economy.

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 Trump’s 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 one’s 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.
22 replies = new reply since forum marked as read
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****BREAKING NEWS****Consumer sentiment falls to 29-month low. Uncertainty rises due to TSF actions. (Original Post) DemocratSinceBirth Friday OP
64.7 Feb, Econs expected 64, they got 57.6. It fell off a cliff. Big red flag, but tRump-Muck-Lutnick will ignore. nt Bernardo de La Paz Friday #1
"THE BEATINGS WILL CONTINUE!" durablend Friday #4
On your note about killing the economy, Qutzupalotl Friday #2
Elections have consequences. Initech Friday #3
And the consequence of this last Federal election is that there won't be any more GoYouPackersGo Friday #18
The only way this tyrannical regime is removed is by death or force. Initech Friday #19
Perfect opportunity for oligarchs to take control Owens Friday #5
Repeat after me... GiqueCee Friday #6
DOW up 560. multigraincracker Friday #7
Wait until end of day... then tell me it's up. NotHardly Friday #10
Closed $675. multigraincracker Friday #15
A headline at Yahoo Finance says the market's climb today is relief that a government shutdown is likely to be avoided progree Friday #14
tRump and Eloon called in some favors...... SergeStorms Friday #16
It's giving "climate change isn't real because it snowed today." W_HAMILTON Friday #17
Single day upticks typical for last 2 months don't mean the trend is reversed uponit7771 Friday #21
Love them saying people are saving to put it in the stock market. Blue Full Moon Friday #8
Close your wallets. Don't spend in this dictatorship. It just provides money for our 2 Hitlers! OrlandoDem2 Friday #9
Why is it still Figarosmom Friday #11
It's not a percentage. Rather it's some score that is indexed to 1966 equals 100 (Graph) progree Friday #12
12 month inflation expectation: from 4.3% to 4.9%, 5 year inflation expectation: from 3.5% to 3.9% (34 year high) progree Friday #13
The University of Michigan had the audacity to absyntheminded Friday #20
Consumer confidence depends on peoples' feeling of security. Aussie105 Friday #22

Bernardo de La Paz

(53,186 posts)
1. 64.7 Feb, Econs expected 64, they got 57.6. It fell off a cliff. Big red flag, but tRump-Muck-Lutnick will ignore. nt
Fri Mar 14, 2025, 10:24 AM
Friday

Qutzupalotl

(15,282 posts)
2. On your note about killing the economy,
Fri Mar 14, 2025, 10:39 AM
Friday

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.

GoYouPackersGo

(216 posts)
18. And the consequence of this last Federal election is that there won't be any more
Fri Mar 14, 2025, 06:27 PM
Friday

*real* Federal elections.

Initech

(104,177 posts)
19. The only way this tyrannical regime is removed is by death or force.
Fri Mar 14, 2025, 06:47 PM
Friday

I'm wondering what the line is where the latter will be involved.

Owens

(448 posts)
5. Perfect opportunity for oligarchs to take control
Fri Mar 14, 2025, 11:51 AM
Friday

This is what Trump wants, to control the masses. We've seen this movie, The Hunger Games

GiqueCee

(1,927 posts)
6. Repeat after me...
Fri Mar 14, 2025, 12:33 PM
Friday

... 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.

progree

(11,705 posts)
14. A headline at Yahoo Finance says the market's climb today is relief that a government shutdown is likely to be avoided
Fri Mar 14, 2025, 02:31 PM
Friday

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)
16. tRump and Eloon called in some favors......
Fri Mar 14, 2025, 05:23 PM
Friday

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."

OrlandoDem2

(2,590 posts)
9. Close your wallets. Don't spend in this dictatorship. It just provides money for our 2 Hitlers!
Fri Mar 14, 2025, 12:58 PM
Friday

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 can’t keep giving to dictators like Musk, Trump, Vance, or DeSantis! They are all wicked people.

progree

(11,705 posts)
13. 12 month inflation expectation: from 4.3% to 4.9%, 5 year inflation expectation: from 3.5% to 3.9% (34 year high)
Fri Mar 14, 2025, 02:14 PM
Friday

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

Pessimism over the inflation outlook soared again in March as one year-inflation expectations jumped to 4.9% from 4.3% the month prior. Just two months ago, consumers had only expected inflation of 3.3% over the next year.

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)
20. The University of Michigan had the audacity to
Fri Mar 14, 2025, 06:56 PM
Friday

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

(6,884 posts)
22. Consumer confidence depends on peoples' feeling of security.
Fri Mar 14, 2025, 09:06 PM
Friday

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.

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