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Drudge Retort: The Other Side of the News
Saturday, March 29, 2025

Bad feelings don't always translate into bad news for the economy. Consumer and business surveys are what economists consider soft' data, driven to an extent not by what people are experiencing but what they say." "Still, when it comes to the economy, feelings matter. A family feeling skittish about the future might put off a vacation; a company might delay an expansion. If enough people decide to hold back, those choices can ripple through the economy. Those feelings can also work as an early-warning system, reflecting facts people are seeing on the ground that aren't yet showing in other economic data."

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I can't recall hearing any good news about the economy since Trump got back in.

Must be a coincidence.

#1 | Posted by Zed at 2025-03-29 10:36 AM | Reply

-------- killed it.

#2 | Posted by LegallyYourDead at 2025-03-29 11:11 AM | Reply

Recent economic numbers show inflation is up and consumer confidence is down.

Maybe that's why the DOW dropped 700= points yesterday.

#3 | Posted by LampLighter at 2025-03-29 06:29 PM | Reply

@#1

U.S. consumers remained cautious about spending last month as inflation ticked higher
www.bnnbloomberg.ca

... Inflation picked up last month and consumers barely raised their spending, signs that the economy was already cooling even before most tariffs were imposed.

Friday's report from the Commerce Department showed that consumer prices increased 2.5 per cent in February from a year earlier, matching January's annual pace. Excluding the volatile food and energy categories, core prices rose 2.8 per cent compared with a year ago, higher than January's figure of 2.7 per cent.

Economists watch core prices because they are typically a better guide of where inflation is headed. The core index has barely changed in the past year. Inflation remains above the Federal Reserve's 2 per cent target, making it difficult for the central bank to cut its key interest rate anytime soon.

The report also showed that consumer spending rebounded last month after falling by the most in four years in January. Yet much of the additional spending reflected price increases, with inflation-adjusted spending barely rising. The weak figure suggests growth is rapidly slowing in the first three months of this year as consumers and businesses turn cautious amid sharp changes in government policies.

"Inflation too hot and spending too cold," said Stephen Brown, an economist at Capital Economics, a consulting firm, in an email. "The Fed is unlikely to cut interest rates this year." ...


#4 | Posted by LampLighter at 2025-03-29 06:32 PM | Reply

@#1

Consumer confidence is sliding as Americans' view of their financial futures slumps to a 12-year low
apnews.com

... U.S. consumer confidence continued its sharp 2025 decline as Americans' views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation.

The Conference Board reported Tuesday that its consumer confidence index fell 7.2 points in March to 92.9, the fourth straight monthly decline and its lowest reading since January of 2021. The reading was short of analysts expectations for a reading of 94.5, according to a survey by FactSet.

The business group found that the measure of Americans' short-term expectations for income, business and the job market fell 9.6 points to 65.2.

That's the lowest reading in 12 years and well below the threshold of 80, which the Conference Board says can signal a potential recession in the near future. The proportion of U.S. consumers anticipating a recession remains at a nine-month high, the board reported. ...


#5 | Posted by LampLighter at 2025-03-29 06:34 PM | Reply

The Trumpcession is on its way.

www.nerdwallet.com

#6 | Posted by reinheitsgebot at 2025-03-29 11:24 PM | Reply

What's the over/under on how long it takes Putin's DNA receptacle to eclipse 15% unemployment?

#7 | Posted by reinheitsgebot at 2025-03-30 10:42 AM | Reply

When he isn't golfing the bankruptcy-prone orange pedo is busy whipping up stagflation.

www.axios.com

#8 | Posted by reinheitsgebot at 2025-03-30 03:22 PM | Reply

It's tRumpression.

#9 | Posted by LegallyYourDead at 2025-03-30 10:47 PM | Reply

My wife and I are putting off all unnecessary major purchases until the Orange Pedo is out of office. For the first time in the past ten years, because I make good money, before I buy something I ask myself do I need it or do I want it. If it's want, I don't buy it. I am going to save so much money over the next four years that I'll be able to pay cash for a seaside condo in Thailand.

#10 | Posted by _Gunslinger_ at 2025-03-31 01:15 AM | Reply

Ya think?

Wait until a Toyota costs an extra $15K because of preznit stupid.

Just very happy I bought new Subarus back in 23.

#11 | Posted by Nixon at 2025-03-31 07:07 AM | Reply

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