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Consumer sentiment slides to second-lowest on record

13 points by harambae 1y ago

deleted 1y ago
[deleted]
jmclnx 1y ago
No surprise here, people are seeing massive layoffs in the US Gov and Private Industries. So the will start pulling back even if working. Tariff Inflation really have not hit yet, but when that happens it will be a "record" drop.
jqpabc123 1y ago
Isolation is for idiots. It is simply not a tenable approach to the modern world. Trump has already proved it by reducing his "Liberation Day" tariffs from 145 to 30 percent. What did China concede to make this happen? Absolutely nothing. They simply waited for some measure of sanity to prevail. Absolutely nothing has been accomplished except higher taxes (tariff=tax) on American consumers. Otherwise, it was all just an exercise for Trump to wank his ego.
- palmotea 1y ago
  > Isolation is for idiots. It is simply not a tenable approach to the modern world. Neoliberal style free trade is also for idiots. Now go and find a happy medium. > Trump has already proved it by reducing his "Liberation Day" tariffs from 145 to 30 percent. No. Trump is so haphazard and incompetent that him screwing something up doesn't really prove anything.
  - jqpabc123 1y ago
    Neoliberal style free trade is also for idiots. It has worked pretty well for China --- are they idiots? And for decades, it worked for neoconservatives too. But apparently, it doesn't work for neofascists.
    - palmotea 1y ago
      >> Neoliberal style free trade is also for idiots. > It has worked pretty well for China Not exactly: they took advantage of the countries that embraced it, but they never really embraced for themselves. > are they idiots? No. The Chinese leadership understands the value of protectionism and other kinds of economic "interference" that are anathema to neoliberal free marketers. That's why free trade has worked "pretty well" for them. > And for decades, it worked for neoconservatives too. But apparently, it doesn't work for neofascists. It actually didn't work so well for them, because they were creating the conditions for "neofascists" (and so high on ideology they were blind to what they were doing).
ZeroConcerns 1y ago
> Tariffs were spontaneously mentioned by nearly three-quarters of consumers, up from almost 60% in April Well, given the wall-to-wall coverage of these things, that's not surprising. But: were these consumers subsequently asked how good they felt about tariffs eliminating their income taxes? If not, I'm sure the offending pollster-and/or-media-outlet will be prosecuted for encouraging wrongthink shortly...
- nothercastle 1y ago
  What are you smoking? Income taxes aren’t going anywhere
  - atmavatar 1y ago
    That was one of the stated goals of the tariffs. Never mind that it's in direct contradiction with the goal to revitalize manufacturing, which would drop tariff income precipitously. It was mostly forgotten once the tariffs were implemented in such a pants-on-head stupid manner.
duxup 1y ago
I wonder with all the volatility and the traditional GOP sky is falling rhetoric ... how does consumer confidence do?

13 points by harambae 1y ago

deleted 1y ago

[deleted]

No surprise here, people are seeing massive layoffs in the US Gov and Private Industries. So the will start pulling back even if working. Tariff Inflation really have not hit yet, but when that happens it will be a "record" drop.

jqpabc123 1y ago

Isolation is for idiots. It is simply not a tenable approach to the modern world. Trump has already proved it by reducing his "Liberation Day" tariffs from 145 to 30 percent. What did China concede to make this happen? Absolutely nothing. They simply waited for some measure of sanity to prevail. Absolutely nothing has been accomplished except higher taxes (tariff=tax) on American consumers. Otherwise, it was all just an exercise for Trump to wank his ego.

palmotea 1y ago
> Isolation is for idiots. It is simply not a tenable approach to the modern world. Neoliberal style free trade is also for idiots. Now go and find a happy medium. > Trump has already proved it by reducing his "Liberation Day" tariffs from 145 to 30 percent. No. Trump is so haphazard and incompetent that him screwing something up doesn't really prove anything.
- jqpabc123 1y ago
  Neoliberal style free trade is also for idiots. It has worked pretty well for China --- are they idiots? And for decades, it worked for neoconservatives too. But apparently, it doesn't work for neofascists.
  - palmotea 1y ago
    >> Neoliberal style free trade is also for idiots. > It has worked pretty well for China Not exactly: they took advantage of the countries that embraced it, but they never really embraced for themselves. > are they idiots? No. The Chinese leadership understands the value of protectionism and other kinds of economic "interference" that are anathema to neoliberal free marketers. That's why free trade has worked "pretty well" for them. > And for decades, it worked for neoconservatives too. But apparently, it doesn't work for neofascists. It actually didn't work so well for them, because they were creating the conditions for "neofascists" (and so high on ideology they were blind to what they were doing).

ZeroConcerns 1y ago

> Tariffs were spontaneously mentioned by nearly three-quarters of consumers, up from almost 60% in April Well, given the wall-to-wall coverage of these things, that's not surprising. But: were these consumers subsequently asked how good they felt about tariffs eliminating their income taxes? If not, I'm sure the offending pollster-and/or-media-outlet will be prosecuted for encouraging wrongthink shortly...

nothercastle 1y ago
What are you smoking? Income taxes aren’t going anywhere
- atmavatar 1y ago
  That was one of the stated goals of the tariffs. Never mind that it's in direct contradiction with the goal to revitalize manufacturing, which would drop tariff income precipitously. It was mostly forgotten once the tariffs were implemented in such a pants-on-head stupid manner.

duxup 1y ago

I wonder with all the volatility and the traditional GOP sky is falling rhetoric ... how does consumer confidence do?