Consumer Sentiment rises in September

Jun 2014
51,679
53,578
United States
That's nice, especially after the 8.6% drop between July and August. It's now only 7% lower than it was this time last year.
 
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Dec 2014
18,121
6,632
The Milky Way
And 7% higher than where we at on election in the Obamaconomy.

Well, the MSM and Dims had been talking-up recession for months so it spooked the American people for a brief time. Then it didn't. The same they are doing with Trump, just keep throwing lies and mud in hopes that people will vote for one of their dangerous clowns.
 
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HayJenn

Former Staff
Jul 2014
72,771
64,203
CA
And 7% higher than where we at on election in the Obamaconomy.

Why, over 2 and 1/2 years out, do you still have to compare everything to Obama?


Consumers slowed spending and businesses cut back on investment in August, signs that a wobbling global economy and rising tariffs are sapping U.S. economic momentum.

Personal-consumption expenditures, or household spending, edged up a seasonally adjusted 0.1% in August from July, the Commerce Department said Friday. The modest growth marked a sharp pullback from the first seven months of the year, when spending rose an average of 0.5% a month.

American consumers had been a bright spot in the economy. But weaker August spending showed consumers might be succumbing to some of the external headwinds that have shaken businesses and manufacturers for months.

Slowing global growth, fading effects from the 2017 tax cut and rising trade frictions are weighing on the U.S. economy.


 
Sep 2016
24,652
20,294
My own world
Meanwhile in the real world the rich are getting richer and the poor are get poorer. That is in fact a fact:


The top 1 percent of families took home an average of 26.3 times as much income as the bottom 99 percent in 2015, according to a new paper released by the Economic Policy Institute, a non-profit, nonpartisan think tank in Washington, D.C. This has increased since 2013, showing that income inequality has risen in nearly every state.

 

Libertine

Moderator
Apr 2015
16,548
3,283
Katmandu
Why, over 2 and 1/2 years out, do you still have to compare everything to Obama?


Consumers slowed spending and businesses cut back on investment in August, signs that a wobbling global economy and rising tariffs are sapping U.S. economic momentum.

Personal-consumption expenditures, or household spending, edged up a seasonally adjusted 0.1% in August from July, the Commerce Department said Friday. The modest growth marked a sharp pullback from the first seven months of the year, when spending rose an average of 0.5% a month.

American consumers had been a bright spot in the economy. But weaker August spending showed consumers might be succumbing to some of the external headwinds that have shaken businesses and manufacturers for months.

Slowing global growth, fading effects from the 2017 tax cut and rising trade frictions are weighing on the U.S. economy.


Because it is the baseline. When Trump was elected it was 87.2 and has risen from there.
 

HayJenn

Former Staff
Jul 2014
72,771
64,203
CA
Because it is the baseline. When Trump was elected it was 87.2 and has risen from there.
How many times does it have to be said he was handed a good and growing economy, unlike Obama

LONDON — As President Trump intensifies his trade war with China, and as factories slow in major industrial nations, world commerce has deteriorated rapidly in recent months, a perilous development that threatens the global economy with a pronounced downturn.

A global recession remains unlikely, even as growth slows, most economists say. But the dangers are clearly mounting, threatening to spread from the factory floor to households in many major economies. The latest sign arrived Tuesday morning, as the World Trade Organization slashed its forecast for trade growth for this year and next.

World trade in merchandise is now expected to expand by only 1.2 percent during 2019, in what would be the weakest year since 2009, when it plunged by nearly 13 percent. Only six months ago, the organization was forecasting more than double that pace of growth, a 2.6 percent expansion in merchandise trade.


 
Nov 2010
3,371
1,295
San Diego...ish
Meanwhile in the real world the rich are getting richer and the poor are get poorer. That is in fact a fact:


The top 1 percent of families took home an average of 26.3 times as much income as the bottom 99 percent in 2015, according to a new paper released by the Economic Policy Institute, a non-profit, nonpartisan think tank in Washington, D.C. This has increased since 2013, showing that income inequality has risen in nearly every state.

Are you jealous?
 

Libertine

Moderator
Apr 2015
16,548
3,283
Katmandu
How many times does it have to be said he was handed a good and growing economy, unlike Obama

LONDON — As President Trump intensifies his trade war with China, and as factories slow in major industrial nations, world commerce has deteriorated rapidly in recent months, a perilous development that threatens the global economy with a pronounced downturn.

A global recession remains unlikely, even as growth slows, most economists say. But the dangers are clearly mounting, threatening to spread from the factory floor to households in many major economies. The latest sign arrived Tuesday morning, as the World Trade Organization slashed its forecast for trade growth for this year and next.

World trade in merchandise is now expected to expand by only 1.2 percent during 2019, in what would be the weakest year since 2009, when it plunged by nearly 13 percent. Only six months ago, the organization was forecasting more than double that pace of growth, a 2.6 percent expansion in merchandise trade.


The anemic 1.6% growth with year over year decreases in consumer confidence and job creation rates isn't a strong economy.

Today in this economy you are fretting over economic growth rates are 60% higher.
 
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