Economic News

  • Thread starter Thread starter nycfan
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nycfan said:
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Who cares about declining consumer confidence ? Those are just the working and middle class families who worry that the "beautiful word" grocery prices continue to rise and employment layoffs remain an ever increasing threat.

The real best economy ever is what is important. My stock market portfolio continues to do well so I have no worries.

These working and middle class families need to understand that they should have been investing all of their ample disposal income in this great stock market so they can become as rich as me.

Once you make millions in the stock market you can retire and not worry about layoffs, and going to the beautiful grocery word store, you won't care about the high cost of your favorite products. It will feel like a pittance !

It's all about the stock market, baby...until it isn't
 
dukeman92 said:
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This was all so very predictable. Trump does not possess some acumen that makes isolationism, political bullying, and tariffs valuable. This has been in our faces the whole time. I admit it has taken 3-6 months longer than I thought to really start unraveling but the economics circumstances of 2025 were not hopeful. I care not a bit what maga says. Most indicators other than stocks were very concerning and the US stocks trailed international stocks. The concentration of wealth is unlike anything seen in my lifetime outside of Covid. This is starting to setup a weird dynamic of blue collar cultural war yes-men and the liberal bourgeois having a common enemy. I wonder if the yes-men will ever see it.
 
ChileG said:
@Callatoroy - any feelings on this?

iirc, your basis for saying Trump was good for business was the consumer confidence index.
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Sure. I had not seen this. Watched a little of the Rubio testimony today but that’s about all. I will try to give you a better response tomorrow. Been on the road. Long day. My initial take without looking at any data is that this will improve next month. Only reason for saying that is I think (again, guessing) consumer spending is pretty strong as sectors other than big tech are driving the market which I view as a good thing. I know there are some who are forecasting gloom and doom, and I would be more concerned if it was only tech stocks driving the bus but some of the big 7 are 10% - 15% off all time highs. Mortgage rates are down, and we’re down under 6% until trump started yapping. I would expect them to be back under 6% by April. I think layoffs (guessing again) are being driven by AI advances at some of the tech companies. Meta beat forecast and announced $150 Billion investment in AI. Cant wrap my head around that. Again, will look at and holler at you tomorrow. Just rambling now.
 
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