Posted on 12/08/2023 8:31:19 AM PST by ChicagoConservative27
When it comes to the economy, Americans are feeling invigorated by holiday spirits and hopes for next year’s election.
The University of Michigan’s barometer of consumer sentiment soared to a preliminary December reading of 69.4, the best reading since August.
Economists had been predicting only a mild pick-up to 61.9 after sentiment had sunk to a six-month low of 61.3 in November.
(Excerpt) Read more at breitbart.com ...
everyone do their part
we must spend our way out of inflation
Spending is up 8% over two years ago....Unfortunately inflation is up 17%. Is it really more spending or more money paid for fewer items?
I trust nothing from government sources.
EC
Dear Santa,
Please give Joe Biden another term as president. The best president ever, economic prosperity and peace all over the land! Can you please give me more credit cards too, so I can continue to enjoy the blessings of all this prosperity?
I don’t know about cheer but I firmly expect every leftist institution in this country to do its best to stave off the pain of bidenomics for one year. I foresee status quo in 2024 followed by crash in 2025.
The masses have been dumbed down to the point where living in the moment is all they care about. The masses feel the DESERVE luxuries, and will spend every last cent of available credit to get that instant gratification.
This won’t end well.
They ended up having to cash in his retirement and that lasted for a year. Then they couldn't pay their mortgage. Three months after they lost their house he finally found a job. Hope that "good Christmas" was worth it.
Hmmm. Seen Home Depot’s report to stockholders and their bottom line? HD’s profits soared until…Been in a store lately?
This doesn’t pass the smell test.
BTW-the starting interest rate today for a Home Depot affinity card from CITI is 29.9%. That’s for people exceeding 800 FICO.
Wait until the rates start coming down after the first quarter.
Biden/Dems will pump up the economy going into the election.
It’s called a “pump and dump.” If Biden wins, it will be called “natural.” If the Republicans win, it will be blamed on them.
Government jobs accounted for about 60% of the job growth. And clearly...those are not in the military. How long can THAT go on?
All being done on Credit...That house of cards will crash down on people in 2024..
Optimism is growing with Trump’s polling margins, imho.
...coupled with Biden’s obvious decline.
The US govt sets the example, borrowing money to pay interest on borrowed money.
“Spending is up 8% over two years ago....Unfortunately inflation is up 17%. Is it really more spending or more money paid for fewer items?
I trust nothing from government sources.”
Thanks, what’s the source of those numbers, EC?
“All being done on Credit...That house of cards will crash down on people in 2024..”
I’ve heard that all my life. The only thing that changes is the year.
'consumer sentiment'
'Inflation expectations'
So basically, people become more optimistic around Christmas.
Yet is doesn't change anything. It's just meaningless econobabble.
What? and from Breitbart? I don’t get it?
Who is this clown?
If anything, I think this indicates that bankruptcies will explode early next year. As they drive the final nails into their credit card accounts. After all, if you are planning that as you escape from debt you might as well max them all out.
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