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Posted on 11/25/2025 7:59:23 AM PST by Redmen4ever
Measures of the consumer outlook for both personal finances and buying conditions for durable goods plunged more than 10% ...
(Excerpt) Read more at cfodive.com ...
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Apparently, lack of confidence is not having any impact on actual spending, at least among the top half of the income distribution.
What do universities know about how people spend their own money?
Months ago we stopped purchasing anything that was not needed or 100% necessary. I flat out refuse to go along with this level of greed.
Too funny!
What do universities know about people who spend their own money?
Probably no more than businessmen or economists, or people who answer surveys, or the voters of New Jersey and Virginia.
Much of the confusion on the economic situation is because it is a two tier economy.
People at the top 20% or so are doing great.
Everyone else is struggling.
That means total dollar measures look good—while consumer attitudes (one person one vote) looks bad.
The Democratic mantra for 2026 will be “affordability, affordability, affordability...” The left media, the think tanks, universities and the biased pollsters will be sounding this theme endlessly to convinve American voters to abandon Trump and the Republicans.
Good time, dragnet, to pay off debt and accumulate some cash. While this is always good advice, with the possibility of a recession, this is especially good advice. On the other hand, the economy is holding up just fine. Unemployment is low by historical standards. Inflation is just a point or so above target. But the big giant deficit on top of the enormous national debt, and geopolitical risks all over the world add up to a lot of uncertainty.
Everyone else is struggling.
That means total dollar measures look good—while consumer attitudes (one person one vote) looks bad.
Correct. It takes a long time for manufacturing investments to show up as jobs with trained personnel. Turning around a ship this big while taking on water (jobs lost to AI) is iffy as things are. The tugs are there, but everybody is taking fire from leftist Federill judges.
Who didn't see this coming from a mile away. They first cause the problem with Bidenflation and government red tape, then they blame the outcome on the current administration - brilliant, except they do it every time. Which is why the current administration needs to focus on America First and address this issue head on.
Your thinking is sound cgbg. It looks like We have a K-shaped economy, with people at the top doing fine, and people in the working and the middle classes struggling.
If ya don’t work for government, you’d have to be an absolute fool to go into debt nowadays.
That is always a lag effect of the Biden inflation.
The technical term for this (for Economics geeks) is the Cantillon Effect.
https://en.wikipedia.org/wiki/Richard_Cantillon
“he posited that the original recipients of new money enjoy higher standards of living at the expense of later recipients.[58] The concept of relative inflation, or a disproportionate rise in prices among different goods in an economy, is now known as the Cantillon Effect.”
Went to our local HEB Sunday for a few grocery items because I figured everybody would be watching football. But the place was packed out and it wasn’t even an EBT day. I even joined in the buying mania and picked up a pumpkin pie I wasn’t there for.
Puppet Biden and his $10 trillion Build Back Better deal (along with 20 million additional illegal aliens) and COVID spending directly caused massive inflation.
You cannot print such a staggering amount of money (out of thin air) without debasing the currency. This is why Gold is up. The purchasing power of the dollar was destroyed by the democrat party and now they are blaming Trump (who has been in office only 10 months and won’t let him implement his policies to fix the mess).
Texas is a outlier.
I’ve been skeptical of this U of M consumer sentiment thing for a long time.
People at the top 20% or so are doing great.
Everyone else is struggling.
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Do you have a poll for that? The last I’ve heard is about 50% of people live near paycheck to paycheck depending on upon what left wing rag you read. How do you equate that to reports of mayhem on cruise ships, etc
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