America Articles Banking Big Lie Black Projects Blowback Catastrophe Censorship Central Banks Civil Disobedience Civil Rights Cognitive Dissonance Communism Consciousness Corruption Creepy Joe Biden Crimes Crimes Against Humanity Domestic Terrorism Economics Entrapment Externalities Family Federal Reserve Finance Foods Fractional Reserve Banking Frauds Freedom Fighter Future Gambling Gaslighting Globalists Government Hate Crimes History Inflation Journalism Laws Lobbyists Mathematics Money Political Propaganda Psychology Religion / Spirituality Satanic Slavery Surveillance Technology Theft They Live United States Usury Wall Street Corruption War

JoeBamaNomics – Consumer Confidence Plummets, Spending On Durable Goods Drops, Inflation Dominant Factor by Sundance

The latest measure of consumer confidence [Data Here] reflects a continued trend, and the index drops well below expectations. The Consumer Confidence Survey is a monthly report detailing “consumer attitude, buying intentions, vacation plans and consumer expectation for inflation, stock prices and interest rates.” The index now stands at 113, a drop from last month when it was 125. The decline in confidence is an outcome of workers and consumers feeling the impact of massive inflation from Joe Biden economic and monetary policies. With gas and food prices climbing rapidly, it should not be a shock to see consumer confidence begin dropping; however, the financial analysts were caught off guard by the unexpected size of the drop. According to Marketwatch, “Economists polled by The Wall Street Journal had forecast a reading of 123.1”, a drop to 113 is a much more severe change in consumer confidence than expected. The economists who get this stuff wrong repeatedly are inside the echo-chamber of Wall Street and the financial class. There is a disconnect between those analysts and the real economy on Main Street; that’s why they are always surprised.

Donate today and support the work I do seven days a week. Each day I publish more than a dozen news articles and videos, from honest, independent and reliable sources, on a completely ad-free website. Thank you in advance for your generosity, so that All The Honest News Fit To Publish may keep growing.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.