Consumer sentiment fell nearly 11% from March to April and 34% from this time last year, according to new data from University of Michigan’s authoritative survey, released Friday.
The drop continued a three-month trend brought about by Trump’s vow to impose tariffs on products imported to the U.S., a promise Trump fulfilled last week in what he called a “Liberation Day” ceremony at the White House.
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The Yale Budget Lab estimated the average household will be $4,700 poorer as a result of Trump’s tariff gamble.
Unfortunately, Trump doesn’t care about the word “No.” It only makes him more determined.
As evidenced by his raping a woman
No no - not “shattered confidence” . . . “Liberated”!!
He had a whole poster and everything.
He liberated all the dollars from my bank account.
And my trading account!
Ha the consumers confidence huh. We just dump and pumped global markets with a Tweet on truth social. The whitehouse is being run like North Korea. What about the investor confidence.
Consumers don’t need confidence when investors pull out of the country and we all lose our jobs.
Not to mention the mass sell-off of debt bonds that is going to bankrupt our country.
Now that everyone knows he is pumping and dumping the markets… Will everyone play into it to make a ton of money?
The process is simple, in 80some days wait for the news to say "trump will apply xx.x% tariffs on such and such countries. Wait a few hours to watch the markets tumble. Let the market keep dropping like mad. Finally, on the 90th day, when the news says he is about to do it, and the markets take a big dump, just jump in and buy shares in everything like a crazy person. Now wait and watch the markets do a dead cat bounce. Here you can sell at the high point until you recuperate some money. Or wait for when he says "nah, we’re cool! I wasn’t gonna do it! And the markets soar. That’s where you sell all. That locks in some profit. Then you just go back to whatever you were doing before. Wait here until he dumps more tariffs on the market.
Will everyone play into it to make a ton of money?
America’s decline will come at some point, sooner or later, so I might as well play the game. Short the American stock market before it crashes and World War 3 happens!
Is there any way I can make this prick not affect my non American life the way my American trump voting ex friends told me its none of my business
Nah Pizza cake did a great comic on a guy drilling a whole in the bottom of the boat we are all floating in. We all go down together and only the strong will survive.
What exactly is consumer confidence anyway? Is it like just the general opinion on how our economy is doing? Or is it a measure of something specific?
it basically measures willingness to spend
no consumerism, bye bye US economy
I may be completely wrong. But I always took it to mean people spending less on stuff they can live without. Either because they can no longer afford it or are expecting something bad to happen on the wallet front
Bstix had the correct answer. These are regular surveys provided to different regions of the country to gauge sentiment. How do you feel about the economy today, what do you think about the future. They have a similar one that goes out to business leaders. When you look at the business confidence and consumer confidence you get a picture of how people in that area will spend, and invest money. It’s not anyones favorite data point, but it can be a strong indicator of recession.
I believe during covid consumer sentiment cratered first and the economy went after it.
It’s the belief that you can spend your extra money because you’re not going to go broke next week due to the stability of “the economy”.
I’m personally saving every single penny and not buying a single thing beyond what I absolutely unequivocally need.
Note: It’s also entirely possible I may take my extra dough out of my bank and buy gold like one of the crazies on TV because confidence in the dollar is… slipping.
