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More good news: A nice bounce in consumer sentiment in September, according to the University of Michigan Survey of Consumers. People are noticing lower prices and cooling inflation: 1-year Inflation expectations are down to the lowest since 2020. pic.twitter.com/u8KupQHMRu — Heather Long (@byHeatherLong) September 13, 2024 1. Highest consumer sentiment …
‘As a physiocrat, this is the most alarming chart I’ve ever seen.’ https://twitter.com/1CoastalJournal/status/1834457143770317229 Soft landing confirmed 🛬 pic.twitter.com/zX7MgPiaV1 — The Coastal Journal (@1CoastalJournal) September 13, 2024 Source: https://www.ers.usda.gov/topics/farm-economy/farm-sector-income-finances/highlights-from-the-farm-income-forecast/ Under the Biden/Harris insane regulatory agenda, every aspect of getting food to your kitchen table became astronomically more expensive – from soil/farming …
“The question is how much longer can the US economy be propped up by asset prices?” The answer is: the economy is being propped by government spending that gooses asset prices at the expense of the people that pay for it through #inflation https://t.co/a96qCMia2P — JustDario 🏊♂️ (@DarioCpx) August 29, …
🚨 The markets are spooked. The stink from the deteriorating fundamentals and overleveraged consumers are seeping. The BOJ's rate hike just sped up the process. Now, the markets are beyond spooked, BOJ will raise interest again and it had happened before – a reality check 🧵 — Unicus (@UnicusResearch) August …
According to a recent survey by Credit Karma, 1 in 3 parents (31%) say they can’t afford back-to-school shopping this year. This highlights the financial strain many families are experiencing, likely due to factors such as inflation, rising costs of living, and economic uncertainty. 1 in 3 parents say they …
JUST IN: More than 33% of US consumers are now worried about making ends meet over the next 6 months. This includes 30% of Americans earning $150,000 or more annually, according to the Fed survey of 5,000 respondents. Over the last 12 months, 43% of all surveyed consumers and… pic.twitter.com/fRqJlcbOUv …
University Michigan Sentiment Prelim: 66.0 vs a Forecast of 68.5 Inflation expectations of 2.9% for one-year ahead vs 3% on the prior reading Overall consumers still don't feel particularly great according to this survey pic.twitter.com/XQ0KAYd2tW — Markets & Mayhem (@Mayhem4Markets) July 12, 2024 🇺🇸 United States Michigan Consumer Expectations (Jul) …
According to the 2024 KPMG Consumer Pulse Survey, U.S. consumers are adjusting their spending habits this summer due to inflationary pressures. Here are the key findings: Essential Goods and Services: Consumers expect to spend less on personal care products (considered essential) and restaurants, travel, and entertainment. About 21% of consumers anticipate …
Homebuyer Conditions Index: The homebuyer conditions index has declined to an all-time low in June 2024, reaching 27 points. This index reflects consumer sentiment regarding homebuying conditions. Only 14% of consumers currently believe it’s a good time to buy a home, down from 20% last month1. Affordability concerns are a …
According to The Wall Street Journal, U.S. consumers disputed approximately 105 million charges with credit card issuers last year, amounting to an estimated $11 billion. This represents a significant increase from the $7.2 billion disputed in 2019. The rise in disputes highlights consumers’ growing awareness of their rights, as federal law allows cardholders to challenge …
by confoundedinterest17 Too much debt should be the theme song for the US! Both for consumers and the Feral government (not a typo!) Consumer credit increased by +$6.403 billion in April, much softer than consensus estimate of +$10 billion … more notable, however, was March data, given initial read of +$6.274 …
For the first time since February 2021, inflation-adjusted grocery spending has increased, signaling a positive growth trend after nearly three years of decline. This means that despite inflation, people are now spending more on groceries in real terms. GROCERY SHOPPING 🍞🥩🥦 Inflation-adjusted grocery spending was positive for the first time …
The same retailers that have helped to push consumer prices up by 20% over the past four years are getting desperate as shoppers aggressively tighten their spending to cope with stubborn inflation. Some of the biggest retail chains in America are on a price-cutting spree to gain back their customers …
via Mike Shedlock Today the BEA released April data on inflation-adjusted income and spending. Let’s discuss the charts. Data from the BEA and BLS, chart by Mish Personal Income and Wages Key Points DPI stands for Disposable Person Income. Disposable means after taxes. Real means inflation adjusted. Income includes wages, …
The recent insights into consumer sentiment and economic outlook paint a complex picture of financial strain and diverging spending patterns across different segments of the economy. With 31% of recent home buyers citing financial challenges like budget constraints and high interest rates, it’s clear that affordability concerns are widespread and …
The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies and banks. Synapse filed for Chapter 11 bankruptcy protection in April and has shut …
Despite ongoing consumer pessimism, spending remains surprisingly robust. Economist Joanne Hsu, director of the University of Michigan’s consumer sentiment survey, provided insights into this paradox, attributing it to a shift in consumer behavior driven by high prices and interest rates. Key Points Americans are abandoning traditional saving goals due to …
Supercore inflation CPI jumped AGAIN in April to 4.9%, the highest in 12 months. Core services less housing inflation is a key metric followed by the Fed, also known as Supercore inflation. Last month's surge has been largely due to a 22.6% spike in auto insurance, contributing… pic.twitter.com/DYzVtPL3AD — The …
The Umich sentiment survey highlights that mainstream media reporters aren’t overly concerned about depicting the economy positively, as consumer sentiment reflects the harsh realities of maxed-out credit cards, elevated interest rates, and a weakening job market. This survey sheds light on a concerning reality: despite the media’s attempts to paint …
The Federal Reserve Bank of Philadelphia’s report reveals alarming trends, with almost 3.5% of card balances overdue by at least 30 days, the highest on record. This surge in delinquencies, coupled with rising minimum payments and increased credit card balances, underscores the growing financial strain on US households. BREAKING: 🇺🇸 …
The US credit card debt has already reached $1.1 trillion in March, an all-time record. Moreover, even when adjusted for inflation this debt has hit a record, surpassing the 2020 levels. Are US consumers' finances seriously stretched? Full analysis below👇 pic.twitter.com/cPrbTdAcy3 — Global Markets Investor (@GlobalMktObserv) April 3, 2024 Are …
by Michael Over the past several years, the cost of living has been rising significantly faster than paychecks have. As a result, U.S. consumers have reached a breaking point. Delinquency rates are spiking and bankruptcies have risen to a very dangerous level. I have been hearing from so many people that are struggling …
Cautious #ECB last week amid upside risks to inflation due to solid wage growth. More data is needed to confirm that inflation is sustainably converging to target. Encouragingly, compensation per employee eased in Q4 to 2.8% from 3.6% Y/Y in line with negotiated wages. pic.twitter.com/rLmagWxE3n — Sabrina Khanniche (@skhanniche) March …
via moneymetals: Can you borrow your way to prosperity? American consumers are certainly giving it the old college try. Consumer debt surged once again in January, rising by $19.5 billion, according to the latest data from the Federal Reserve. On an annual basis, consumer debt rose by 4.7 percent to a …
by confoundedinterest17 Confidence! It’s what consumers DON’T have under Bidenomics. For the fourth straight month, The Conference Board revised its consumer confidence data significantly lower. In fact January’s was the biggest downward revision since Feb 2022. And Conference Board Consumer Confidence was DOWN to -3.90 in January, the worst since Feb …
No joke. He really thinks you are that stupid, America. After driving up the price of food 33 percent in three years thanks to his disastrous inflationary policies, Joe Biden is portraying himself as standing up for the little guy by attacking the snack food industry over “shrinkflation”, selling smaller …
Consumers paying more for less in one chart, not only in the UK. Any comments? Ht @Lvieweconomics pic.twitter.com/Jvqw1nUicE — Michael A. Arouet (@MichaelAArouet) January 31, 2024
by confoundedinterest17 The Fed had better think twice about expected rate cuts. The market just isn’t feeling it. Treasury yields rose Wednesday, with the 10-year yield touching almost 4.10% as investors focused on stronger-than-expected December retail sales and the latest remarks from Federal Reserve members. The yield on the 10-year Treasury note was recently …
