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US consumers rush to buy as Trump tariffs fuel stockpiling

16 points by papertowels 2y ago

duxup 2y ago
There's a lot about polling in the lined report; https://www.creditcards.com/statistics/1-in-5-americans-are-doom-spending/ https://www.creditcards.com/statistics/1-in-5-americans-are-... I honestly struggle to tell how much the info is from polling or real credit card data. Also lines like: - 1 in 5 Americans are buying more than usual Does that mean 4 in 5 ... aren't?
- toomuchtodo 2y ago
  The US consumer is tapped out. US Consumer Debt Delinquency Hits Highest in Almost Five Years - https://www.bloomberg.com/news/articles/2025-02-13/us-consumer-debt-delinquency-hits-highest-in-almost-five-years https://www.bloomberg.com/news/articles/2025-02-13/us-consum... | https://archive.today/ivRqd https://archive.today/ivRqd - February 13th, 2025 US Consumer Borrowing Surges by $40.8 Billion, Most on Record - https://www.bloomberg.com/news/articles/2025-02-07/us-consumer-borrowing-surges-by-40-8-billion-most-on-record https://www.bloomberg.com/news/articles/2025-02-07/us-consum... | https://archive.today/A19Zs https://archive.today/A19Zs - February 7, 2025 At the same time, the bond market is signaling higher inflation into the future. The World’s Most Important Market Sends a Warning - https://www.bloomberg.com/opinion/articles/2025-02-18/the-world-s-most-important-market-sends-inflation-warning https://www.bloomberg.com/opinion/articles/2025-02-18/the-wo... | https://archive.today/F7aVw https://archive.today/F7aVw - February 18, 2025 US Consumer Sentiment Drops to Seven-Month Low on Price Worries - https://www.bloomberg.com/news/articles/2025-02-07/us-consumer-sentiment-drops-to-seven-month-low-on-price-worries https://www.bloomberg.com/news/articles/2025-02-07/us-consum... | https://archive.today/ixFTn https://archive.today/ixFTn - February 7, 2025
  - zahlman 2y ago
    How exactly is that possible? Is inflation not driven by consumer spending?
    - toomuchtodo 2y ago
      https://hbr.org/2022/12/what-causes-inflation https://hbr.org/2022/12/what-causes-inflation https://www.federalreserve.gov/faqs/money_12856.htm https://www.federalreserve.gov/faqs/money_12856.htm
  - duxup 2y ago
    I hear this sentiment all the time and the associated stats. But somehow the pendulum of spending always keeps swinging.
    - toomuchtodo 2y ago
      As long as it remains profitable to lend after losses, the credit spigot stays open (with cyclic loosening and tightening based on risk appetite and position within the macro cycle). How The Economic Machine Works by Ray Dalio [video] - https://www.youtube.com/watch?v=PHe0bXAIuk0 https://www.youtube.com/watch?v=PHe0bXAIuk0
baxtr 2y ago
Go and buy lots of toilet paper folks!
- duxup 2y ago
  Eggs, panic buying eggs is the way to go.
taylodl 2y ago
Many people I know aren't buying squat that they don't need. If they know they're going to need something over the next six months, then the time to buy is now. Everyone knows prices are rising, everyone knows Trump's policies are making it worse, whether that was his intent or not, everyone knows a recession is coming, and everyone knows more layoffs are coming. You don't have to be an economic wizard to see what's coming and to start preparing for it.

16 points by papertowels 2y ago

There's a lot about polling in the lined report; https://www.creditcards.com/statistics/1-in-5-americans-are-doom-spending/ https://www.creditcards.com/statistics/1-in-5-americans-are-... I honestly struggle to tell how much the info is from polling or real credit card data. Also lines like: - 1 in 5 Americans are buying more than usual Does that mean 4 in 5 ... aren't?

toomuchtodo 2y ago
The US consumer is tapped out. US Consumer Debt Delinquency Hits Highest in Almost Five Years - https://www.bloomberg.com/news/articles/2025-02-13/us-consumer-debt-delinquency-hits-highest-in-almost-five-years https://www.bloomberg.com/news/articles/2025-02-13/us-consum... | https://archive.today/ivRqd https://archive.today/ivRqd - February 13th, 2025 US Consumer Borrowing Surges by $40.8 Billion, Most on Record - https://www.bloomberg.com/news/articles/2025-02-07/us-consumer-borrowing-surges-by-40-8-billion-most-on-record https://www.bloomberg.com/news/articles/2025-02-07/us-consum... | https://archive.today/A19Zs https://archive.today/A19Zs - February 7, 2025 At the same time, the bond market is signaling higher inflation into the future. The World’s Most Important Market Sends a Warning - https://www.bloomberg.com/opinion/articles/2025-02-18/the-world-s-most-important-market-sends-inflation-warning https://www.bloomberg.com/opinion/articles/2025-02-18/the-wo... | https://archive.today/F7aVw https://archive.today/F7aVw - February 18, 2025 US Consumer Sentiment Drops to Seven-Month Low on Price Worries - https://www.bloomberg.com/news/articles/2025-02-07/us-consumer-sentiment-drops-to-seven-month-low-on-price-worries https://www.bloomberg.com/news/articles/2025-02-07/us-consum... | https://archive.today/ixFTn https://archive.today/ixFTn - February 7, 2025
- zahlman 2y ago
  How exactly is that possible? Is inflation not driven by consumer spending?
  - toomuchtodo 2y ago
    https://hbr.org/2022/12/what-causes-inflation https://hbr.org/2022/12/what-causes-inflation https://www.federalreserve.gov/faqs/money_12856.htm https://www.federalreserve.gov/faqs/money_12856.htm
- duxup 2y ago
  I hear this sentiment all the time and the associated stats. But somehow the pendulum of spending always keeps swinging.
  - toomuchtodo 2y ago
    As long as it remains profitable to lend after losses, the credit spigot stays open (with cyclic loosening and tightening based on risk appetite and position within the macro cycle). How The Economic Machine Works by Ray Dalio [video] - https://www.youtube.com/watch?v=PHe0bXAIuk0 https://www.youtube.com/watch?v=PHe0bXAIuk0

baxtr 2y ago

Go and buy lots of toilet paper folks!

duxup 2y ago
Eggs, panic buying eggs is the way to go.

taylodl 2y ago

Many people I know aren't buying squat that they don't need. If they know they're going to need something over the next six months, then the time to buy is now. Everyone knows prices are rising, everyone knows Trump's policies are making it worse, whether that was his intent or not, everyone knows a recession is coming, and everyone knows more layoffs are coming. You don't have to be an economic wizard to see what's coming and to start preparing for it.