The University of Michigan’s gauge of U.S. consumer confidence plunged to a “stunning loss of confidence” with a preliminary August reading of 70.2 from a final July reading of 81.2. Economists polled by the Wall Street Journal had expected an August reading of 81.3.
It is the lowest sentiment reading since December 2011, below any level in the beginning of the pandemic last year.
There have only been six larger drops in the index in the history of the survey.
According to the UMich report, a gauge of consumers’ views on current conditions tumbled 77.9 in August from 84.5 in the prior month, while a barometer of their expectations fell to 65.2 from 79 in July.
Household expectations of inflation over the next 5 years rose to 3% from 2.8% in July, economists said.
If consumers stop spending and avoid crowds, the outlook could darken quickly. Price gains seen this year are unlikely to unwind quickly, and this could result in stagflation – higher prices and a slumping economy.
MacDailyNews Take: Good times.
We now know that inflation results from all that deficit spending. — Ronald Reagan, February 5, 1981
The “stunning loss of confidence” is a result of 30% of Americans being dumb-asses and refusing the gifts of modern medicine, allowing an infectious disease pandemic that could be extinguished to keep circulating
You cannot “extinguish” COVID-19. That’s not how it works, bless your heart.
At this rate, we’ll have 5 million brand new illegal aliens – MANY OF WHOM HAVE COVID-19 AND ARE CURRENTLY BEING SHPPED AROUND THE COUNTRY WITHOUT BEING VACCINATED – in illegitimate Biden’s first 12-month reign of idiocy alone.
Something is fundamentally wrong when we have millions of American citizens and legal residents begging for jobs, and yet we are admitting thousands and thousands of immigrants a year with virtually no consideration to our employment needs or their employment skills. — Ronald Reagan
“But the simple truth is that we’ve lost control of our own borders, and no nation can do that and survive.” — Ronald Reagan
Well, Reagan could have chosen to put in place strict laws that punish employers for hiring illegals…but that would have been “bad for business” because it would have caused employers have to pay more for their workers.
Likewise, do understand that CBP “encounters” isn’t the same as a “shipped around the country”, as the recidivism rate (e.g., “re-encounters”) has jumped nearly tenfold, where encounters are sent back and they try later to cross (and often get caught again): the 2019 recidivism rate was 5% …today, its 40%.
That means that claims of “5 million” are false, because there’s just not that many unique individuals in the ‘encounter’ number because 40% of them had been arrested before and already sent back…they’re merely trying again … and got caught again.
Sure, what do I know, I only work in pharma and medical devices, specifically in infection prevention. You be you, keyboard warrior. Please have a will and life insurance so your family doesn’t have to suffer the worst consequences of your poor risk assessment abilities.
You cannot “extinguish” COVID-19. That’s not how it works.
You should look for another line of work. I hear Walmart is looking for greeters.
Sounds like a poor one.
Humbly suggest stop watching Liberal TV FAKE NEWS filling your head with mush. Vaccinating the other 30% will NOT stop Covid that has been around for centuries. WHO is tracking 13 variants now world wide, that eventually will walk across our Southern open border and another group is tracking close to 200. CNN and the White House did not tell you that so no surprise you are clueless and have blind faith in baloney…
You’re well-done… uh… winnebago… uh… whatever.
Turns out that U.S. Presidential Elections purchased by Mark Zuckerberg have consequences.
AUGUST 2021: Hunter Biden videotaped naked with a naked hooker smoking crack in hotel room.
Hunter Biden is seen in new video telling a hooker that Russian drug dealers stole another of his laptops for blackmail while he was close to overdosing in a Las Vegas hotel room.
https://www.dailymail.co.uk/news/article-9881213/Unearthed-video-shows-naked-Hunter-Biden-claiming-Russian-drug-dealers-stole-laptop.html#v-8752300791139091133
But, Trump was “compromised” by the Russians.
Democrats are liars and scumbags.
Transcript:
Biden: ‘You know what I just thought of something. When I was in California [inaudible] before I met you. I was with these guys. The one guy was, not like you anyway.
‘Primarily my source, ok? And I spent fu**ing crazy amounts of money. I went to Las Vegas and he said it would be one day. I made him promise me it would be one day. I hate Las Vegas.
‘And so literally after 18 days going round from penthouse suite to penthouse suite [inaudible] four different hotels, and thousands of dollars. I didn’t even know. He had my credit card, he said we got half off, I was like great. Then I found out it was $10,000 a night. I’m like what.
‘And each night he’d be like ‘there’s going to be so many people here, crazy fu**ing party’ and each night it’s nobody.
‘Hold on I’m peeing.
‘And so that’s when I went into the pool. Into the tub. In the hot tub, above, in Palms that hangs over the side [Inaudible] more than I usually do, way more than that [inaudible]
‘And I went out to the hot tub by myself, which hangs over the edge of the fu**ing top floor, with glass, it’s ridiculous.
‘And so I’m sitting there and that’s the last I remember. And I don’t ever pass out, ever.
‘I wake up and the only people that are there are Miguel, the guy frantically running round gathering things up, ok – and Miguel, and Pierce, this guy, his friend.
‘So anyway, and they had kicked everybody out. And they had cleaned up the entire place, everything ok? And they were getting ready to leave, and I woke up. And there was this Russian 35-year-old, really nice, pure brunette.
‘[Inaudible] I don’t know how long. She refused to leave until they – she refused to leave and they wouldn’t call an ambulance. And they didn’t know whether I was dead or not, at first.
Hooker: ‘ They couldn’t just come over and check [inaudible]’
Biden: ‘They checked to see if I was breathing. When I finally showed signs of breath, at first I wasn’t breathing, I was in the fu**ing pool face down, they don’t know how long.
‘And she told me that they don’t, they were like ‘we thought we’d get everybody out, because you know we didn’t want, if we had to call, we didn’t want everybody…’ And she went no. They demanded that [inaudible]
‘Two months before… [inaudible]
Hooker: ‘Continue with the story please.’
Biden: ‘Anyway my computer, I had taken tons of like, just left like that cam on. And he would always put in a passcode and all that, you know what I mean? It was fu**ing crazy sht. And somebody stole it during that period of time. He did all this kind of like pretend search and sht.
‘The last thing he sent me was $2,000 worth of stuff in an Uber and he sent me a [inaudible] with the Uber, and I had to send the money to a cash app or something….just waiting
Hooker: ‘…In Las Vegas [inaudible]’
Biden: ‘I think he’s the one that stole my computer. I think the three of them, the three guys that were like a little, like group. The dealer and his two guys, I took them everywhere. Fu**ing everywhere, crazy out of your mind sh*t.
‘The Russian [inaudible] she’d walk out with a fu**ing bathing suit in her hand.
‘They have videos of me doing this. They have videos of me doing crazy fuing sex fuing, you know.
Hooker: ‘How long ago did this happen?’
Biden: ‘Summer.’
Hooker: ‘So it would have been out already if they-‘
Biden: ‘No no no, because my dad [inaudible] running for president. He is, he is, he is. I talk about it all the time. If they do, he also knows I make like a gazillion dollars.’
Hooker: ‘They’d try to blackmail you?’
Biden: ‘Yeah in some way yeah.’
Trump was investigated for 5 years… and Cuomo resigned!
Yes, politically motivated targeted investigations that found NOTHING CRIMINAL of a persecuted man.
Too much smoking gun with Cuomo, big difference…
So far, the last presidential election has had very good consequences, and with the passage of the build back better plans, even better ones.
Fake elections have real consequences.
https://twitter.com/urtruthdetector/status/1417266971305992200
Dang….the cadaver is pathetic….especially when paired with horizontal harris!
Prices up = consumers’ consumption slows = economy shrinks = downward cycle = difficult to pull out of cycle
American lost confidence in November. It has taken until now for libturds to start to see the damage they have done materialize in front of their stupid faces
I can’t wait to see how many libturds get their panties in a twist over this factual post!!!
?
I guess you are one of the libturds with her panties in a twist.
So you admit that all you got is ad hominem? Cite the “fact”, bitch. You cannot because your side doesn’t deal with facts. You prefer strongmen no matter what they say or do.
There are two sentences in the post. Both are facts. How fscking stupid do you need to be not to be able to identify a fact?
I can understand you confusion though, it must be tough to think while trying to identify which bathroom to use.
“Becky” on Firsty, not very bright a ya?