Posted on 10/15/2021 1:08:21 PM PDT by Hojczyk
U.S. consumer sentiment took a surprise downturn in October to the second-lowest level since 2011.
The University of Michigan’s preliminary October read of consumer sentiment fell to 71.4 from 72.8 in September, data released Friday showed. Economists had forecast an improvement to 74.
Richard Curtin, the survey’s chief economists explained the downturn:
Consumer sentiment has remained for the past three months at the lows first recorded in response to last year’s shutdown of the economy. The Delta variant, supply chain shortages, and reduced labor force participation rates will continue to dim the pace of consumer spending into 2022. There is another, less tangible factor that has contributed to the slump in optimism: confidence in government economic policies has significantly declined during the past six months.
Just 19 percent of consumers have a favorable view of President Joe Biden’s economic policies, down from a high-water mark of 31 percent in April. Unfavorable evaluations now stand at 48 percent, up from 32 percent in April, Curtin said.
The public’s loss of confidence is widespread. According to Curtin, the decline was recorded across all age, income, and education subgroups as well as among Democrats, Independents, and Republicans.
“The adage ‘never let a crisis go to waste’ mirrors the range and scale of Biden’s progressive proposals, but consumers see it as too risky a strategy,” Curtin said.
The measures of both current conditions and expectations for the future declined in the first two weeks of October, the survey showed.
(Excerpt) Read more at breitbart.com ...
It pretty much means they will be begging Trump to come back.
We are at saturation when good is evil and evil is good. 6
Well, “The Wrecking Crew” was also the title of a Matt Helm movie, IIRC. So there’s a tie-in via Dean.
Deflation. And monopolies are on inventory control (the so called propaganda shortages)
Deflation. We are not buying into higher prices.
❎❎❎
Strike three.
📌🔝
Professor,
You need to go out more. Go buy groceries. More expensive. Enjoy a cigar. More expensive. Have a candy bar. More expensive.
Have you no vices? Vices are lots of fun but more expensive and getting more so every day (or night as the case may be).
And notice the stock market rose 300+ today.
Monopolies. Inventory Control. Government. Government pensions.
Hey great. I’ve probably seen it a few times.
Really liked Dean Martin.
Dean Martin is an all-time great. Love his voice and, damn, he was cool.
“The public’s loss of confidence is widespread. The public’s loss of confidence is widespread. The public’s loss of confidence is widespread. The public’s loss of confidence is widespread. The public’s loss of confidence is widespread. The public’s loss of confidence is widespread. The public’s loss of confidence is widespread. The public’s loss of confidence is widespread. The public’s loss of confidence is widespread. The public’s loss of confidence is widespread. The public’s loss of confidence is widespread.”
Yet, the Enemy Media says:
“All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy.”
That’s my take as well.
It’s surprising how many people out there really liked the
guy. I guess that sounds like it wasn’t warranted, but it
certainly was.
His celebrity roasts were great.
And Lets Go Pelosi, Schumer and Kamel Toes. They can go Lets Go themselves.
Unexpected!
........”The men and women of the press these days have no idea
how badly they are betraying this nation”......
Well it’s no longer the press as we know...it’s propaganda machinery to set the framework of whatever this administration wants it to be.....I doubt they’d keep their jobs if they really tell us how bad it is.
Well it does ring true........”Woe to those who call evil good, and good evil; who put darkness for light, and light for darkness; who put bitter for sweet, and sweet for bitter!”.... (Isaiah 5:20).
The GOAL is to DESTROY everything about America. His economic policies were clear when he stopped us from being energy INDEPENDENT and now we have once again BECOME ENERGY DEPENDANT on Middle Eastern oil!!! Gas prices around here, some of the cheapest in the entire nation have finally made $3.00 per gallon. At Fort McClellan, AL’s gas pumps, we made $2.90 the other day. It has probably gone up more since. It is usually anywhere from 10 to 15 cents cheaper than off post and that is normally where I go. But, the prices off post are all much higher now. Biden’s communist regime has accomplished the goal of destroying our energy supply. Store CONTINUE TO HAVE EMPTY SHELVES!!! Even Walmart looks like a Soviet era grocery store around here. Empty shelves of things that are normally well stocked with BASIC items. Those simple things are out of stock or have maybe just a scant few cans. There are a couple of items that were normally well stocked a year ago, now are maybe there or not. Plenty of worthless crap from RED China, but stuff from here, food and basic home items are out of stock. Welcome to the Soviet States of UN-United Communist States of Amerika.
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