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Offline mystery-ak

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Consumer Sentiment Crashes to Lowest Level in 10 Years
« on: August 13, 2021, 03:55:31 pm »
Consumer Sentiment Crashes to Lowest Level in 10 Years

John Carney 13 Aug 2021

The confidence of Americans in the economy suffered an unexpected severe collapse in the first weeks of August.

The University of Michigan’s Consumer Sentiment index fell to 70.2 from the end of July score of 81.2, the lowest score since 2011.

“Consumers reported a stunning loss of confidence in the first half of August,” said Richard Curtin, the survey’s chief economist.

The score was lower than the 71.8 hit at the depths of the pandemic lockdown in April 2020.

The expectations component of the survey fell to 65.2 from 79. The current conditions component fell from 84.5 to 77.9.

“Over the past half century, the Sentiment Index has only recorded larger losses in six other surveys, all connected to sudden negative changes in the economy: the only larger declines in the Sentiment Index occurred during the economy’s shutdown in April 2020 (-19.4%) and at the depths of the Great Recession in October 2008 (-18.1%),” Curtin explained in a statement.

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https://www.breitbart.com/economy/2021/08/13/consumer-sentiment-crashes-to-lowest-level-in-10-years/
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Offline LMAO

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Re: Consumer Sentiment Crashes to Lowest Level in 10 Years
« Reply #1 on: August 13, 2021, 07:01:03 pm »
Gee, it’s not like inflation can be blamed
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Offline Hoodat

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Re: Consumer Sentiment Crashes to Lowest Level in 10 Years
« Reply #2 on: August 13, 2021, 07:05:02 pm »
In other words, the last time it was this low, Joe Biden was the Vice President.  Anyone see a pattern here?
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Offline Free Vulcan

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Re: Consumer Sentiment Crashes to Lowest Level in 10 Years
« Reply #3 on: August 13, 2021, 09:17:50 pm »


Even I saw that coming
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Offline libertybele

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Re: Consumer Sentiment Crashes to Lowest Level in 10 Years
« Reply #4 on: August 13, 2021, 09:27:41 pm »
No worries...consumer sentiment will crash even lower.
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Offline mountaineer

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Re: Consumer Sentiment Crashes to Lowest Level in 10 Years
« Reply #5 on: September 01, 2021, 06:04:20 pm »
Keeks @GolferGirl305
The mainstream media is calling it The Great Supply Chain Shortage.
Toyota has halted 40% of production.
GM has shut down several plants.
There's been 150% increase in factory fires.
There's a global container shortage.
Everything that can go wrong is happening at once.
12:20 PM · Sep 1, 2021·

Jesse Kelly
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I don’t understand. I was told repeatedly that you could just “pause” an economy as if it was Netflix. After all, someone got sick. Did “pausing” the economy and dumping trillions of unbacked currency into it cause widespread economic dislocation?
Weird.
12:37 PM · Sep 1, 2021·
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