I suspect youâre trying to ignore data because too donât know how to fit it into your narrative.
I dont know much about the economy but its a fact that consumers are spending
That was true in 2024 too. How did you feel about the economy then?
Polling Question:The consumer is telling two stories.
One to pollsters, the other with actual spending, which shows economic optimism.
Last week, both Visa and Mastercard, which each process hundreds of billions of annual transactions, told investors they saw no sign of any consumer pullback, which they would expect if consumers really smelled a Great Depression coming:
Retailers reported October sales grew about +5% compared to last year. The National Retail Federation forecasts additional holiday sales growth of +3.7%-4.2% over 2024 levels, showing consumers are still spending like it is a great economy. This week, CBS reported that holiday spending predictions are very optimistic, even though consumers sound gloomier than ever in surveys:
In other words, while people tell pollsters they feel bad about the economy, mostly they are happily spending at or above prior-year levels.Thus, economists have coined a new post-pandemic term to explain the disconnect. Itâs not a recession, it is a âvibe-cession.â Meaning, people say they emotionally feel like they are in a 1930s Great Depression, but they are rationally acting like theyâre in the Roaring Twenties....
âď¸ CONTENTEDNESS â Wednesday, November 12, 2025 â C&C NEWS đŚ
A special edition: the affordability crisis undermines MAGA, and we leap into action. Consumer sentiment, China, the Administration, the OBBBA, Epstein, perspective, and much more.www.coffeeandcovid.com
University of Michigan has been measuring consumer sentiment for decades and doesnât change methodology.
Marxist economic anxiety is standing in a line to get into a grocery store where what you buy is limited to what government allows to be sold with your food ticket in hand and hoping what you want to buy is available.
Basing your entire view of the economy with consumer spending growth seems especially foolish.
Great job, Mr. President!The consumer is telling two stories.
One to pollsters, the other with actual spending, which shows economic optimism.
Last week, both Visa and Mastercard, which each process hundreds of billions of annual transactions, told investors they saw no sign of any consumer pullback, which they would expect if consumers really smelled a Great Depression coming:Retailers reported October sales grew about +5% compared to last year. The National Retail Federation forecasts additional holiday sales growth of +3.7%-4.2% over 2024 levels, showing consumers are still spending like it is a great economy. This week, CBS reported that holiday spending predictions are very optimistic, even though consumers sound gloomier than ever in surveys:In other words, while people tell pollsters they feel bad about the economy, mostly they are happily spending at or above prior-year levels.Thus, economists have coined a new post-pandemic term to explain the disconnect. Itâs not a recession, it is a âvibe-cession.â Meaning, people say they emotionally feel like they are in a 1930s Great Depression, but they are rationally acting like theyâre in the Roaring Twenties....
âď¸ CONTENTEDNESS â Wednesday, November 12, 2025 â C&C NEWS đŚ
A special edition: the affordability crisis undermines MAGA, and we leap into action. Consumer sentiment, China, the Administration, the OBBBA, Epstein, perspective, and much more.
