JUST IN: US Consumer Sentiment Plummets to Second-Lowest Level in Over 75 Years
JUST IN: US Consumer Sentiment Plummets to Second-Lowest Level in Over 75 Years
Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday
I know I've been thinking about my purchases more and going for the alternative choice instead of what I used to buy, I'm not giving the Yanks any of my money
Sweet, let it fall more.
Remind me how this is Biden's and Kamala's fault again?
Something, something, genocide I assume.
No, you see, they allowed foreign brown people to die on their watch, which is obviously worse than checks notes deporting local brown people with the intent to harm as well?
/s, just in case someone finds this comment a year later.
Well they could've arrested the bastard in January 2021 instead of waiting a couple years to even start considering legal consequences. 5 minutes after the inauguration Trump should've had a black bag over his head. No excuses for their inaction.
The Democrats aren't the party perpetrating this evil, but they've done everything in their power to enable it, thus they share responsibility.
It's not their fault, but they definitely chose to prioritize supporting a genocide above pleasing their most fervent base.
They had polling data for months showing the impopularity of it and the low polling numbers. We all saw the polling data.
They broke what many considered to be an election promise in 2020 that Biden would be a one term. And they robbed their voters of an open primary, most likely because they knew a progressive populist would easily beat Harris. Harris has never appealed to a broad audience.
But even so, Harris got an enormous boost when she replaced Biden. All she had to do was distance herself from his unpopular positions. She should have criticized Biden on inflation and working class income stagnation. She should have let a Palestinian talk at the DNC. She should have met Arab Americans in Dearborn. And she should have voiced criticism on Netanyahu to get the hostages home and stop the killing. Heck, even Biden had more class when handling upset protestors.
But she dropped the ball on all those important issues.
It's political incompetence and a sell-out to corporate interests.
I'm sure that someone more savvy like Pete Buttigieg would have easily beaten Trump.
But still, it's not their fault. Everything Trump is doing is his fault.
They made the economy bad by spending too much money toward Ukraine.
... or something.
Anyway, time to occupy Gaza, invade Panama, buyout Greenland, maybe invade Canada, ramp up strikes on the Houthis, and leak the group chat planning said strikes...
oh, and goad China into an an unprecedented trade war, as they are doing full scale drills/mock invasions of Taiwan.
But its fine because Trump will end the Ukraine war on day one and is therefore the peace candidate.
... I swear to god I'd have to be beaten in the head with hammers and develop CTE to be operating on the same mental wavelength as Trump scrotum suckers.
If they held an actual primary, where voters could democratically choose their candidate, then neither of them would have made it to the election and we could have enthusiastically voted in a better leader.
Instead, we were told to accept the chosen corporate shill or face the annihilation of our system of government. At this point many voters just gave up, and it showed with lower turnout for both parties compared to the previous election.
Democrats, especially Biden and Kamala, failed by not ensuring the bare minimum of democracy was preserved for this election.
Imagine holding onto this. Yes, this wouldn't be happening under a democratic regime. But surely you recognize they are making just as much money here, right??? Schumer bitched out for a reason. As long as they get paid, the status quo continues.
Because their ignorant dolts will believe it.
This one isn’t. This one is Obama’s. Lol
I guess we are now officially tired of all the winning....
Yah, but only ~70% of us.
Yeah this screams recession.
MAKE AMERICA GREAT DEPRESSION AGAIN
"The Great Depression produced the Greatest Generation, and we're going to do it again!" -HitlerPig, to wild applause from MAGA Morons.
This graphic is so pointless. It's extreme stupidity. Or, at best, extreme volatility for obvious reasons. Lots of other options across the whole "spedometer."
https://www.investopedia.com/terms/f/fear-and-greed-index.asp
The Fear & Greed Index is not just some bullshit chart, with arbitrary values, it is an index of 7 different indicators, all based on real data, all indexed together, that is to say, blended by a another formula that determines how much weight to give to each of the 7 constituent indicators.
The Fear & Greed Index Indicators
The index is based on seven underlying indicators:
Stock Price Momentum: A measure of the S&P 500 versus its 125-day moving average (MA).
Stock Price Strength: The number of stocks hitting 52-week highs versus those hitting 52-week lows on the New York Stock Exchange (NYSE).
Stock Price Breadth: Analyzing the trading volumes in rising stocks against declining stocks.
Put and Call Options: The extent to which put options lag behind call options, signifying greed, or surpasses them, indicating fear.
Junk Bond Demand: Measures the spread between yields on investment-grade bonds and junk bonds.
Market Volatility: The CBOE's Volatility Index (VIX) based on a 50-day MA.
Safe Haven Demand: The difference in returns for stocks versus treasuries.
It is presented as a speedometer... because 95% of people's eyes glaze over when they see complicated but very technically information dense graphs and graphics.
I have a decade of work experience in data analysis and reporting, making things like quarterly and annual reports for a department or entire corp or non profit, making realtime views that update based on realtime or regularly reported data...
You have to dumb things down and simplify things ... and often present data in a narrative structure, as a story, even for C Suite, upper management, the Board... because they almost always have a very low attention span.
I cannot tell you the number of times a younger, brighter eyed, bushier tailed me was... fairly politely and earnestly told by VPs or Board members that... its clear that I have a broad and deep understanding of statistics and data... but you've got to dumb these reports down to the point someone with a hangover can understand the most important information in 30 seconds.
Only other data nerds, stats nerds and accounting tend to possess the actual ability to read more complex charts without their eyes glazing over.
This speedometer presentation by CNN is pretty much the same logic used in good UI or video game design:
If some complex measurement is important and should be easily understood by the user at a glance, present that info in a simplified way that makes use of a visual metaphor or motif is rooted in something most people would have tangible experience with.
They are presenting this for the average American reader.
The average American has the literacy level of a 5th or 6th grader.
Also, it would be innacurate to describe this index as just measuring volatility.
Volatility is a component of the measurement, but there are many other components as well.... that is what an indexed metric is, a single overall 'score' produced by combining a bunch of indicators according to a set formula for how to do that.
...time to start threatening and bullying University of Michigan, then.