Posted on 03/17/2023 8:05:24 AM PDT by Kaiser8408a
Apparently, the only thing that is strong in the US economy is low-paying jobs. The economy as a whole is sucking wind as we can see with the Conference Board’s Leading Indictors plunging -6.5% Year-over-year (YoY) in February.
US consumer sentiment fell again … and has not been near 100 (baseline) since Covid struck.
And on the fears that the banking system is not well, the S&P 500 index is down -1.1% this morning.
(Excerpt) Read more at confoundedinterest.net ...
Not to worry. Its all transitory.
That is the plan. Break the middle class down to poverty levels. Easier to control us all that way.
“US Consumer Sentiment Unexpectedly Drops”
“The University of Michigan consumer sentiment for the US dropped for the first time in four months to 63.4 in March of 2023 from 67 in February, which was the highest reading in nearly a year, and well below forecasts of 67, a preliminary estimate showed. Overall, all components worsened relatively evenly, mainly due to persistently high prices, creating downward momentum for sentiment leading into the financial turmoil. Still, this decrease was already fully realized prior to the failure of Silicon Valley Bank. Both current conditions (66.4 vs 70.7) and expectations (61.5 vs 64.7) worsened. At the same time, inflation expectations slowed for both the year-ahead (3.8%, the lowest since April of 2021, vs 4.1%) and the five-year outlook (2.8% vs 2.9%).”
https://tradingeconomics.com/united-states/consumer-confidence
Yes! Yellen is a moron and Biden is senile puppet of Obama people.
31,779.72
MAR 17, 11:26 AM EDT
-466.83 (-1.45%)
“”...Indictors Plunge -...””
IndicAtors
“Unexpectedly”!
That’s the kind of damage they wanted to cool the economy.
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