Posted on 05/15/2021 4:51:42 AM PDT by george76
Ok, let’s see a show of hands — who actually finds this perfectly obvious news to be “unexpected”?
No one here? Good.
So just how biased and corrupt is even the financial media now?
It’s this biased and corrupt.
Consumer sentiment in the U.S. has unexpectedly decreased in the month of May, according to preliminary data released by the University of Michigan on Friday.
The report showed the consumer sentiment index dropped to 82.8 in May from 88.3 in April. The decrease surprised economists, who had expected the index to rise to 90.4.
It didn’t take an economist to predict that keeping several large states’ economies closed, the federal government printing money faster than a counterfeiter rolling down the autobahn in a Lamborghini, and Biden deliberately strangling domestic energy producers in the name of his Green New Deal scheme, would bring about inflation.
...
When inflation hits, taking a bite out of consumers’ paychecks sharper than the bites Air Force One’s stairs take out of Joe Biden’s shins, and it doesn’t appear to have an end in the near future, consumers react. They get negative on their economic prospects. It’s all quite predictable that consumer confidence would drop faster than a cliff diver when inflation rises faster than one of Elon Musk’s sleek rockets.
(Excerpt) Read more at pjmedia.com ...
If trump was president and confidence dropped there would be block letter headlines in the papers and emergency action messages blaring every 15 minutes.
Uhhhhh, both hands down.
We are in bhole deep in hyperinflation but apathy has a grip on the majority of Americans.
But I am sure Biteme has a solution to exasperate the problem
Seems every Biden expert is surprised when the opposite of what they expect happens.
To normal people this is exactly what happens when liberals are in charge.
I have zero confidence in any damned thing federal gub mint.
“Unexpected”, yeah right. Only the command-and-control freaks are ever caught “unaware” of the end result of their policies, and of course, they take the only course they can, price controls and rationing. There are other things to be done, but that is not in conformity with the whole command-and-control scheme, as that means giving up the draconian regulations and backing off on government-driven spending on “social control” programs.
Reduce the need for government-driven programs, and the total spending on the government budget goes down, reducing the need for higher tax rates. With lower tax rates, the revenue flow to the government coffers actually INCREASES, with the net result, any external debt the government has contracted for through borrowing, may then be reduced.
The answer is simple, staring them in the face, and yet they will not apply it. What, and give up show business?
Because it is all show, and no go.
My God, when will these people stop flaunting their systemic racism?
Dont they know throwing round percentages is confusing to some people?
Shocking, who would have though a DemoRat Prezidentcy would cause a lack of confidence.....anyone remember Carter???
Just like the bammy years - all the bad economic news (and there’s a lot of it) is “unexpected.” No, it has been inevitable since the moment the election was stolen and handed to a senile old criminal and pedophile.
It was expected. Starting last March, the dems crashed the economy that Trump had built up. This was to get rid of him.
dems in charge now. They are making us miserable to create another crisis which they will take full advantage of.
Well, when there is no gas so one can’t drive to a store...
That biden still occupies the White House is... unexpected.
I remember Jimmah. I remember his legacy - MALAISE.
The word “stagflation” came out of his presidency, too.
“Unexpected,” followed by “Trump did it” followed by “Has anyone killed a “jogger” today?” Followed by silence...
“We are in bhole deep in hyperinflation but apathy has a grip on the majority of Americans.”
Ridiculous. Yes Biden’s policies are bad, but this isn’t “hyper” anything other than stupidity. In hyperinflation, prices double every day. What cost $100 on Monday costs a $1,000 next Monday.
Real bond rates are still negative. We are in historically low inflation right now, but it is rising. This is due to a combination of profligate govt spending and supply distortions due to COVID. The distortions will fade over the next year despite Biden’s efforts.
“I remember Jimmah. I remember his legacy - MALAISE.
The word “stagflation” came out of his presidency, too.”
I made a lot of money under Carter, and did even better under Obama. Biden is the same, the lower classes are screwed, the upper middle and upper classes will get richer, a lot richer.
We’re far out to sea we - sense the captain has dementia... and his first mate is nuts...
“Stumbling Along: U.S. Consumer Confidence Crashes ‘Unexpectedly’”
Hell, this was expected as soon as Biden/ Harris were declared winners in the 2020 election.
These politicians have lived an insulated life. They have no idea of making a living and budgets.
Their underlings do the grunt work, shop, buy gas, cook, clean.
If they need more money they just pass a pay increase.
They ‘work’ for Tues. afternoon to Thurs. noon.
A whole different class than the pions they rule.
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