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Posts Tagged: “consumer sentiment“
Optimism Alone Can’t Fix the Economy
Many economists and businesses look to survey data to judge the state of the economy. These data can provide interesting insight and will certainly sway markets, but whether they can actually capture real economic phenomena is up for debate.
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Long Term Inflation Fears Simmer at 4%
Consumers may be breathing a small sigh of relief, but they’re hardly celebrating. The University of Michigan’s latest “Current versus Pre-Pandemic Long-Run Inflation Expectations” update, released Friday, shows the median expectation for inflation over the next 5 years dipping to 4.0 % in June after topping out at 4.4 % in April. While that is […]
Peter Schiff: Biden Brags About Raising Taxes
This week Peter’s back to discuss new economic data, Powell’s recent remarks in the Netherlands, and the Biden administration’s new tariffs. More and more signs point to economic stagflation, but Biden, Powell, and their cronies continue to deflect the blame and increase everyday Americans’ taxes.
Schiff on Business Matters: Consumers Are in Big Trouble
On Friday, Don Ma interviewed Peter on NTD’s Business Matters. Their conversation focuses on declining consumer sentiment. With GDP and unemployment figures also signaling a recession, a worsening consumer outlook bodes poorly for the economy.
How the Government Constructs Positive Economic Data
A startling disconnect as we edge closer to the 2024 general election: On one hand, so-called “experts” parade optimistic economic reports, but for the average American, the story is starkly different. In heated debates, economists squabble over whether the public is hoodwinking pollsters or if mysterious forces are at play. Our guest columnist explains how […]
Despite Happy Government Narratives, Consumer Sentiment Plunges
Joe Biden says the economy is great. Paul Krugman says the inflation war is over and we won. But Americans aren’t buying the narrative. They’re growing increasingly worried about the economy and inflation. The University of Michigan Index of Consumer Sentiment tanked in October with inflation worries at the highest level since last May.
Number of Americans Living Paycheck to Paycheck Approaching All-Time High
Inflation is squeezing American budgets to the breaking point. According to a LendingClub survey, the number of Americans living paycheck to paycheck is nearing record levels.
Consumer Sentiment at Record Lows as Inflation Empties Wallets
Consumer sentiment plunged to record lows in June. The plummeting consumer sentiment numbers surprised mainstream analysts but they shouldn’t have given Americans are taking a pay cut month after month thanks to red-hot inflation.
What Are Strong Retail Sales Really Telling Us?
American consumers are in a sour mood, but they haven’t stopped spending money. The problem is they’re spending money they don’t have. And they’re getting less for it.
Peter Schiff: Trump and the Fed Are Reading Off the Same Script
Stocks took off on Friday on several big news items – most significantly President Trump’s announcement that the US and China have worked out phase one of a trade deal. In his podcast, Peter broke down the news. He also made an interesting observation: Trump and the Federal Reserve seem to be reading off the […]