US Consumer Confidence Drops Unexpectedly To Near Recession Levels Ahead Of Trumps 2nd Term

[skews13]

American consumers are feeling less confident about the economy just weeks before Donald Trump's return to office, according to new data.

The Conference Board's index measuring US consumers' sentiments dropped 8.1 points to 104.7 in December, coming in under consensus expectations for an increase, the nonprofit think tank said on Monday.

The index seeks to capture consumers' assessments of the business and labor market and their views on where things could be headed in the coming months.

The latter weighed heavily on this month's decline, with the Expectations Index — which measures consumers' short-term outlook on income, business, and the labor market — falling 12.6 points to a five-month low of 81.1, the organization said.

That's close to the threshold of 80, which typically signals a recession, the Conference Board said in a press release.

The data marks a steep turnaround after two months of growing consumer optimism.

MSN

www.msn.com

 

[Toddsterpatriot]

American consumers are feeling less confident about the economy just weeks before Donald Trump's return to office, according to new data.

The Conference Board's index measuring US consumers' sentiments dropped 8.1 points to 104.7 in December, coming in under consensus expectations for an increase, the nonprofit think tank said on Monday.

The index seeks to capture consumers' assessments of the business and labor market and their views on where things could be headed in the coming months.

The latter weighed heavily on this month's decline, with the Expectations Index — which measures consumers' short-term outlook on income, business, and the labor market — falling 12.6 points to a five-month low of 81.1, the organization said.

That's close to the threshold of 80, which typically signals a recession, the Conference Board said in a press release.

The data marks a steep turnaround after two months of growing consumer optimism.

MSN

www.msn.com

Publishing the actual numbers now? DURR

 

[skews13]

Publishing the actual numbers now? DURR

The potential for tariffs to boost US jobs, one of Trump's main selling points, doesn't appear to be helping consumers feel more optimistic. Just 21% of respondents said they expected tariffs to create more US jobs, the Conference Board said.

"Pessimism about future employment prospects returned after cautious optimism prevailed in October and November," Peterson said.

 

[excalibur]

The Biden economic train wreck, that the MSM kept hidden, is coming home to roost.

Biden Lied About Everything: Philly Fed Finds All Jobs "Created" In Q2 Were Fake

The lyingist liar, the lyingst administration ever. Liars all. Aided and abetted by the liars in the MSM. Back in August, many were surprised by the accuracy of our forecast, when we predicted that in its annual revision, the Biden Bureau of Labor Statistics would revise jobs for the April...

www.usmessageboard.com

 

[Nobody911]

Trump's tax policies from 2025 may face significant challenges if the debt ceiling is not raised. Without an increase, the government could struggle to meet its financial obligations, leading to economic instability that could undermine support for his tax cuts.

Key implications are here:

• Increased Borrowing Costs: Higher interest rates could limit fiscal resources for tax initiatives, making it difficult to implement proposed cuts effectively.
• Potential Economic Recession: Economic uncertainty might reduce public backing for tax reforms, as citizens prioritize stability over tax reductions.
• Legislative Gridlock: Negotiations with Congress could necessitate compromises that dilute Trump’s ambitious tax proposals, particularly if Democrats resist extensive cuts.

Overall, without raising the debt ceiling, Trump's ability to enact his tax agenda could be severely impeded.

sources:
[1] What could Trump's second term bring? Deportations, tariffs, Jan. 6 pardons and more
[2] Trump's protests aside, his agenda has plenty of overlap with Project 2025
[3] https://democrats-appropriations.ho...ject 2025 Shapes Republican Funding Bills.pdf
[4] Trump’s Tax and Tariff Ideas: Details & Analysis
[5] Here's what we know about how Trump will tackle these major issues
[6] The 2024 Trump Campaign Policy Proposals: Budgetary, Economic and Distributional Effects — Penn Wharton Budget Model

 

[Crepitus]

American consumers are feeling less confident about the economy just weeks before Donald Trump's return to office, according to new data.

The Conference Board's index measuring US consumers' sentiments dropped 8.1 points to 104.7 in December, coming in under consensus expectations for an increase, the nonprofit think tank said on Monday.

The index seeks to capture consumers' assessments of the business and labor market and their views on where things could be headed in the coming months.

The latter weighed heavily on this month's decline, with the Expectations Index — which measures consumers' short-term outlook on income, business, and the labor market — falling 12.6 points to a five-month low of 81.1, the organization said.

That's close to the threshold of 80, which typically signals a recession, the Conference Board said in a press release.

The data marks a steep turnaround after two months of growing consumer optimism.

MSN

www.msn.com

They know he's gonna crash the economy. His rhetoric has destroyed consumer confidence in lees than 2 weeks.

Imagine what it will be like in a year.

 

[boevans]

Consumers and true fans of the economy are terrified of Trump.

 

[Thunk]

just weeks before Donald Trump's return to office, according to new data.

Meaning democrats are still in power.

It reminds me of "hillary is gonna win in a land slide"

And

"Kamala is gonna win Iowa by 3%"

 

[luiza]

A major markets pull back has been obvious for some time and is assumed a certainty fairly soon ---- the Shadow government have run out of delaying tactics .
To attribute this to Mr Trump or even the Puppet Mr Piss Pot is plain stupid because it is was hinted at in at least 2007/8 .
Namely , that you cannot endlessly issue imaginary money without eventually paying the price for dishonesty .

Load the overall system further with a complicated extra , like expanded BRICs, and you have a devalued dollar as a certainty ---- though you can argue about the precise timing of its occurrence all day .

Spews is spewing again . Immature party politics preferred to hard and simple basic market economy facts

 

[Zafira Cherry]

Consumers and true fans of the economy are terrified of Trump.

CULITSTS are in for a RUDE awakening.

 

[luiza]

CULITSTS are in for a RUDE awakening.

Which Cult are you imagining ?

All Cultists eventually find a rude death ----by definition .

The term is the PC version of Conspiracy Theorists -- Christians being an an obvious example , though many other brands are available .
And naturally Christians are unaware that they are Cultists -- always a splendid sign of misguided commitment .
They call it Faith , conveniently ignoring the Blind part of their Faith .

 

[C_Clayton_Jones]

American consumers are feeling less confident about the economy just weeks before Donald Trump's return to office, according to new data.

And understandably so.

Trump ran President Obama’s strong economy into the ground, he’ll do the same with President Biden’s strong economy.

 

[Harry Dresden]

And understandably so.

Trump ran President Obama’s strong economy into the ground, he’ll do the same with President Biden’s strong economy.

lol...skewy and his hypocrite bigoted buddy jones.....you 2 are made for each other....

 

[boevans]

A major markets pull back has been obvious for some time and is assumed a certainty fairly soon ---- the Shadow government have run out of delaying tactics .
To attribute this to Mr Trump or even the Puppet Mr Piss Pot is plain stupid because it is was hinted at in at least 2007/8 .
Namely , that you cannot endlessly issue imaginary money without eventually paying the price for dishonesty .

Load the overall system further with a complicated extra , like expanded BRICs, and you have a devalued dollar as a certainty ---- though you can argue about the precise timing of its occurrence all day .

Spews is spewing again . Immature party politics preferred to hard and simple basic market economy facts

'Imaginary money' is a made-up term meaning nothing,

 

[boevans]

The market is assessing valuation with a fed that is not aggressively cutting the fed rate.

So make the necessary arrangements, and ride the eddy comfortably.

 

[sealybobo]

American consumers are feeling less confident about the economy just weeks before Donald Trump's return to office, according to new data.

The Conference Board's index measuring US consumers' sentiments dropped 8.1 points to 104.7 in December, coming in under consensus expectations for an increase, the nonprofit think tank said on Monday.

The index seeks to capture consumers' assessments of the business and labor market and their views on where things could be headed in the coming months.

The latter weighed heavily on this month's decline, with the Expectations Index — which measures consumers' short-term outlook on income, business, and the labor market — falling 12.6 points to a five-month low of 81.1, the organization said.

That's close to the threshold of 80, which typically signals a recession, the Conference Board said in a press release.

The data marks a steep turnaround after two months of growing consumer optimism.

MSN

www.msn.com

I just talked to people who are in automotive manufacturing. They are saying 2025 is going to a bad year.

Add to that all the government cuts. Those are going to add to unemployment.

We need trump to run out the immigrants so those government workers and people working in manufacturing can take their jobs. Service jobs. Low paying jobs.

Trumps way of lowering prices is to crash the economy. If no one’s buying prices will drop.

But in the end Elon will be even richer

 

[Zincwarrior]

Market down after Orange Jesus ranted for an hour.

 

[sealybobo]

Market down after Orange Jesus ranted for an hour.

Can’t blame Biden and even if you do, trump said he’d fix it. So fix it.

Biden never had a recession. When it looked like one was coming, he fixed it

 

[John Edgar Slow Horses]

People are beginning to fear what they have done.

 

[Zincwarrior]

People are beginning to fear what they have done.

Stop market has been dropping for weeks. New jobs just came in lower than expected. But the Trump plan to improve the economy and lower prices is to rename the Gulf of Mexico and invade Greenland.