US consumer confidence plunges to a 12 year low. So much for DEFICIT DONNIE'S GOLDEN AGE.
Follow up:
American's consumer confidence falls again
Washington —
America’s economic mood deteriorated in January [under trump] to its lowest level in more than 12 years as Americans fretted about geopolitical tensions [caused entirely by trump], affordability and Trump’s unrelenting trade war.
The Conference Board’s Consumer Confidence Index for January, released Tuesday, declined a whopping 9.7 points to a reading of 84.5, surpassing the lows of last year when Trump unveiled stiff tariffs and even the depths of the pandemic recession in 2020 [also under trump]
January’s reading dropped significantly lower than the 91.1 reading economists projected in a poll by data firm FactSet.
1
Quote Originally Posted by Midnight1:
US consumer confidence plunges to a 12 year low. So much for DEFICIT DONNIE'S GOLDEN AGE.
Follow up:
American's consumer confidence falls again
Washington —
America’s economic mood deteriorated in January [under trump] to its lowest level in more than 12 years as Americans fretted about geopolitical tensions [caused entirely by trump], affordability and Trump’s unrelenting trade war.
The Conference Board’s Consumer Confidence Index for January, released Tuesday, declined a whopping 9.7 points to a reading of 84.5, surpassing the lows of last year when Trump unveiled stiff tariffs and even the depths of the pandemic recession in 2020 [also under trump]
January’s reading dropped significantly lower than the 91.1 reading economists projected in a poll by data firm FactSet.
According to the latest Conference Board survey, more than 55% of respondents said that [under trump] it was difficult to land a job, the highest share since the pandemic [also under trump].
Respondents also indicated they’re pessimistic about the path of the labor market. [under trump]
Jeffrey Roach, chief economist at LPL Financial,
echoed that sentiment in a note Tuesday, writing:
“Expect the unemployment rate to rise!” [under trump]
0
According to the latest Conference Board survey, more than 55% of respondents said that [under trump] it was difficult to land a job, the highest share since the pandemic [also under trump].
Respondents also indicated they’re pessimistic about the path of the labor market. [under trump]
Jeffrey Roach, chief economist at LPL Financial,
echoed that sentiment in a note Tuesday, writing:
“Expect the unemployment rate to rise!” [under trump]
According to the latest Conference Board survey, more than 55% of respondents said that [under trump] it was difficult to land a job, the highest share since the pandemic [also under trump]. Respondents also indicated they’re pessimistic about the path of the labor market. [under trump] Jeffrey Roach, chief economist at LPL Financial, echoed that sentiment in a note Tuesday, writing: “Expect the unemployment rate to rise!” [under trump]
well thats just what the country needs
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
0
Quote Originally Posted by fubah2:
According to the latest Conference Board survey, more than 55% of respondents said that [under trump] it was difficult to land a job, the highest share since the pandemic [also under trump]. Respondents also indicated they’re pessimistic about the path of the labor market. [under trump] Jeffrey Roach, chief economist at LPL Financial, echoed that sentiment in a note Tuesday, writing: “Expect the unemployment rate to rise!” [under trump]
According to the latest Conference Board survey, more than 55% of respondents said that [under trump] it was difficult to land a job, the highest share since the pandemic [also under trump]. Respondents also indicated they’re pessimistic about the path of the labor market. [under trump] Jeffrey Roach, chief economist at LPL Financial, echoed that sentiment in a note Tuesday, writing: “Expect the unemployment rate to rise!” [under trump]
well thats just what the country needs
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
0
Quote Originally Posted by fubah2:
According to the latest Conference Board survey, more than 55% of respondents said that [under trump] it was difficult to land a job, the highest share since the pandemic [also under trump]. Respondents also indicated they’re pessimistic about the path of the labor market. [under trump] Jeffrey Roach, chief economist at LPL Financial, echoed that sentiment in a note Tuesday, writing: “Expect the unemployment rate to rise!” [under trump]
if "woman-of-color" former VP Kamala Harris - a former prosecutor - had been elected rather than the racist-PHUCK, sex-offender, criminally convicted FELON, who LIED to the American voters so he could escape prison for his crimes... • mother of 3, Renee Good, would still be alive, • the current civil unrest in Minnesota, caused entirely by the increasing presence of trump's GESTAPO, would never have occurred, • Kristi "dog killer" Noem would never have been part of the fed government and so could not have declared the innocent, UNarmed mother of 3 victim of murder by MAGA GESTAPO, a "domestic terrorist" • the office of the US President (Harris) would have paid respectful heed to Juneteenth (unlike the current racist in the Oval) • the US Institute of Peace would not now have the name of a criminal Insurrectionist added to it, • the Presidential Medal of Freedom would still be valued in high esteem rather than its current devaluation to being nothing more than a reward for ass-kissing and/or funding • the $BILLIONS which Americans lost in the stock market in April would never have occurred, • the beautiful WH Rose Garden would still be there, • FREE entry fees to federal lands/monuments on MLK Day and Juneteenth would STILL be in place, • Indigneous Peoples Day would still be officially recognized (concurrent with Columbus Day)
• ICU nurse Alex Pretti would still be alive today to carry on his work helping people at his local VA hospital
0
Quote Originally Posted by fubah2:
Quote Originally Posted by fubah2: .Likelihoods,
if "woman-of-color" former VP Kamala Harris - a former prosecutor - had been elected rather than the racist-PHUCK, sex-offender, criminally convicted FELON, who LIED to the American voters so he could escape prison for his crimes... • mother of 3, Renee Good, would still be alive, • the current civil unrest in Minnesota, caused entirely by the increasing presence of trump's GESTAPO, would never have occurred, • Kristi "dog killer" Noem would never have been part of the fed government and so could not have declared the innocent, UNarmed mother of 3 victim of murder by MAGA GESTAPO, a "domestic terrorist" • the office of the US President (Harris) would have paid respectful heed to Juneteenth (unlike the current racist in the Oval) • the US Institute of Peace would not now have the name of a criminal Insurrectionist added to it, • the Presidential Medal of Freedom would still be valued in high esteem rather than its current devaluation to being nothing more than a reward for ass-kissing and/or funding • the $BILLIONS which Americans lost in the stock market in April would never have occurred, • the beautiful WH Rose Garden would still be there, • FREE entry fees to federal lands/monuments on MLK Day and Juneteenth would STILL be in place, • Indigneous Peoples Day would still be officially recognized (concurrent with Columbus Day)
• ICU nurse Alex Pretti would still be alive today to carry on his work helping people at his local VA hospital
USA TODAY - WASHINGTON - Amid growing affordability concerns across the nation, President Trump said he is looking to drive housing prices further UP, not down.
**ed Note: trump will appoint a new fed chair in May who will IMMEDIATELY effect rate cuts [thus fueling inflation further] This will make it a little easier to get a mortgage (while simultaneously hurting 401Ks) but does NOT address the rising cost of housing purchases - which is largely due to a housing "shortage." Trump said he wants home prices to RISE to help homeowner's wealth. Home prices are already very high. If they are to rise even higher under trump's plan, a lower mortgage rate won't make a significant difference. If anything it will cause an increase in demand for an alternative place to live: renting!
But rents are sky high now TOO and they would rise even higher, fueling both inflation and the affordability crisis for the foreseeable future - even after the blue wave in this year's mid-terms. Many in the working class will be facing HIGHER rents, along with inflation in groceries and other tariffed goods, along with skyrocketing Health Insurance costs - or skip health insurance altogether so they can put food on the table....whereby an illness or an accident could bankrupt them into oblivion......
And forget about buying a new car...
Ironically, to solve the housing shortage requires rapid increase in construction - whereby a large percentage of that labor force is typically "English is their 2nd language, people of color" (ie, immigrants, documented or not)
0
Trump says he wants to drive housing prices UP
USA TODAY - WASHINGTON - Amid growing affordability concerns across the nation, President Trump said he is looking to drive housing prices further UP, not down.
**ed Note: trump will appoint a new fed chair in May who will IMMEDIATELY effect rate cuts [thus fueling inflation further] This will make it a little easier to get a mortgage (while simultaneously hurting 401Ks) but does NOT address the rising cost of housing purchases - which is largely due to a housing "shortage." Trump said he wants home prices to RISE to help homeowner's wealth. Home prices are already very high. If they are to rise even higher under trump's plan, a lower mortgage rate won't make a significant difference. If anything it will cause an increase in demand for an alternative place to live: renting!
But rents are sky high now TOO and they would rise even higher, fueling both inflation and the affordability crisis for the foreseeable future - even after the blue wave in this year's mid-terms. Many in the working class will be facing HIGHER rents, along with inflation in groceries and other tariffed goods, along with skyrocketing Health Insurance costs - or skip health insurance altogether so they can put food on the table....whereby an illness or an accident could bankrupt them into oblivion......
And forget about buying a new car...
Ironically, to solve the housing shortage requires rapid increase in construction - whereby a large percentage of that labor force is typically "English is their 2nd language, people of color" (ie, immigrants, documented or not)
Payroll giant ADP reported Wednesday that employers in the private sector added just 22,000 jobs in January, about half the size of the 45,000-job gain economists were expecting.
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Payroll giant ADP reported Wednesday that employers in the private sector added just 22,000 jobs in January, about half the size of the 45,000-job gain economists were expecting.
Payroll giant ADP reported Wednesday that employers in the private sector added just 22,000 jobs in January, about half the size of the 45,000-job gain economists were expecting.
Job growth slowed further
from December’s employment gains that were reviseddown to 37,000 from 41,000.
0
Quote Originally Posted by fubah2:
Payroll giant ADP reported Wednesday that employers in the private sector added just 22,000 jobs in January, about half the size of the 45,000-job gain economists were expecting.
Job growth slowed further
from December’s employment gains that were reviseddown to 37,000 from 41,000.
The monthly Job Openings and Labor Turnover Survey (JOLTS) showed job openings in December [under trump BADministration]fell to their lowest level since 2020[also under trump BADministration] , according to the Bureau of Labor Statistics.
0
The monthly Job Openings and Labor Turnover Survey (JOLTS) showed job openings in December [under trump BADministration]fell to their lowest level since 2020[also under trump BADministration] , according to the Bureau of Labor Statistics.
That weaker-than-expected economic data came on the heels of data from Challenger, Gray & Christmas that showed last month [under republican administration] was the worst January for job cut announcements since 2009 [fallout from the Great Recession which began under republican administration]
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That weaker-than-expected economic data came on the heels of data from Challenger, Gray & Christmas that showed last month [under republican administration] was the worst January for job cut announcements since 2009 [fallout from the Great Recession which began under republican administration]
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Payroll giant ADP reported Wednesday that employers in the private sector added just 22,000 jobs in January, about 
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