(And of course, it's all because everyone now understands that tax cuts are bad because CNN says so!)
Sorry to tell the NYT, WaPo, Politico, CNN, and MSNBC this, but the country is not in some sort of consumer confidence tailspin. We are also not headed for a recession in the next few months, nor is everyone taking their money out of the banks and putting it under their mattress because they are worried about the next great depression.
Consumer confidence is quite literally approximately twenty points higher than when Obama got reelected to his second term. It has shown a dip here and there, but has remained consistently over 90 in the UOM Consumer Sentiment gauge (a standard in the industry).
There is neither an economic crisis or a crisis in our consumer confidence.
6 comments:
A single poll there lil scotty......just a simple data point that may be an eventual trend....But, you will try to make it something it is clearly not, you dumb fuck...Maybe you should concentrate on the trillion dollar deficit coming and the manufacturing sector heading south!!!!
lo iq "anonymous" said...
A single poll there lil scotty......just a simple data point that may be an eventual trend....But, you will try to make it something it is clearly not, you dumb fuck.
wtf are you even saying ? I keep thinking you must be able to grasp something but you keep proving that you are incapable. how the hell do you even get through a day ?
clueless.
Denny
The University of Michigan Consumer Sentiment is the premier consumer confidence indicator.
But if you don't like that one... try this one:
https://tradingeconomics.com/united-states/consumer-confidence
Or this one:
https://www.conference-board.org/data/ConsumerConfidence.cfm
They will all show the same thing.
Jane knows nothing about Macro or Micro Economics.
The University of Michigan Consumer Sentiment is the premier consumer confidence indicator.
SO FUCKING WHAT ASSHOLE.... It is a model running simulations....just like the GW models you hold in contempt.....They show predicted opinions PERIOD!!!!! Sorry sport, you either like models or don't!!! I think they are useful in some cases and think they are somewhat useful when viewed from high!!!
It's not a model.
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