Economic News | CPI cools to 2.8%

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sringwal said:
I think that your vision of what worst case scenario is may be more optimistic than mine.
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I don't think so. It's that I don't see that making policy decisions on worst case scenarios is necessarily the best approach.

In a sense, it's like buying nuclear war insurance. There's very little the Dems can do to stop Trump if he really wants to start WWIII. You might be right to fear it, but I don't know that it should change what you do. Trump can ruin the whole country. Maybe even the world. That's just the reality, and jumping up and down won't change that.

Dems cannot do anything except a) sue; or b) block legislation until they get control of one or more chambers. Rallying the troops means nothing. These MAGA assholes aren't looking at the polls right now. They don't fucking care. They probably know they are going to get their clocks cleaned in 26 which is why they are trying to go all in now. Delay, delay, delay is a good strategy.
 


Relever the private sector? In my world that means taking on more debt (leverage) but perhaps he means something more positive.
 
nycfan said:


Relever the private sector? In my world that means taking on more debt (leverage) but perhaps he means something more positive.
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Hahahahaha!!! I started reading that thinking he would say we were always going to have a transition from this incredible, unsustainable level of economic growth. Which would somewhat make sense. But he’s blaming the Trump Crash on . . . government spending??? What a fucking idiot.
 

Consumer Sentiment Nosedives on Gyrating Economic Policies​

University of Michigan’s index of consumer sentiment fell to 57.9 in mid-March from 64.7 last month​



“… The University of Michigan’s closely watched index of consumer sentiment nosedived an additional 11% to 57.9 in mid-March from 64.7 last month, much weaker than expectations of 63.2. It marks the lowest level since 2022 and a third fall in as many months.

Compared to this time last year, consumer sentiment is down 27%. A loss of confidence can be a headwind for economic growth, since consumers can delay or abandon planned purchases if they feel downbeat about their prospects.

Many consumers cited the high level of uncertainty around policy and other economic factors, said Joanne Hsu, director of the survey.

Inflation expectations for the year ahead jumped to 4.9% from 4.3% last month, the highest reading since late 2022, according to the survey. …”

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Uncertainty and fear that tariffs will reignite inflation seem to be the key factors.

Kind of wild. Trump started his second term with some of his highest support ever and the benefit of Republicans and Independents swinging to a positive view of the economy more ore less because Biden was gone — a freebie. He could have actually built on that if he had any discipline at all, but he has blundered like a one-man herd of wild elephants into and on-again, off-again trade war with China and with our allies and a complete upending of 75+ years of foreign policy, while letting Musk and DOGE run wild in ways that generate reams of daily negative press for the Trump Administration (instead of a reasonably measured approach that could have been very targeted at making people feel like they are throwing off the yoke of annoying liberal “wokeness”).

It is a mind-blowing blown opportunity even knowing how erratic and egotistical Trump is. It seems he really believes he is right about everything and is hell-bound on proving it no matter the cost.
 
nycfan said:

Consumer Sentiment Nosedives on Gyrating Economic Policies​

University of Michigan’s index of consumer sentiment fell to 57.9 in mid-March from 64.7 last month​



“… The University of Michigan’s closely watched index of consumer sentiment nosedived an additional 11% to 57.9 in mid-March from 64.7 last month, much weaker than expectations of 63.2. It marks the lowest level since 2022 and a third fall in as many months.

Compared to this time last year, consumer sentiment is down 27%. A loss of confidence can be a headwind for economic growth, since consumers can delay or abandon planned purchases if they feel downbeat about their prospects.

Many consumers cited the high level of uncertainty around policy and other economic factors, said Joanne Hsu, director of the survey.

Inflation expectations for the year ahead jumped to 4.9% from 4.3% last month, the highest reading since late 2022, according to the survey. …”

——
Uncertainty and fear that tariffs will reignite inflation seem to be the key factors.

Kind of wild. Trump started his second term with some of his highest support ever and the benefit of Republicans and Independents swinging to a positive view of the economy more ore less because Biden was gone — a freebie. He could have actually built on that if he had any discipline at all, but he has blundered like a one-man herd of wild elephants into and on-again, off-again trade war with China and with our allies and a complete upending of 75+ years of foreign policy, while letting Musk and DOGE run wild in ways that generate reams of daily negative press for the Trump Administration (instead of a reasonably measured approach that could have been very targeted at making people feel like they are throwing off the yoke of annoying liberal “wokeness”).

It is a mind-blowing blown opportunity even knowing how erratic and egotistical Trump is. It seems he really believes he is right about everything and is hell-bound on proving it no matter the cost.
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He promised tariffs. The female candidate told them that would increase inflation. And they voted for the tariffs guy because they didn't like inflation.

Republicans are historically bad for the economy but the rural legend is that Republicans are better for the economy. That lie needs to die.
 
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