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Originally Posted by nailer
U.S. Consumer Sentiment @ Six-Month Low
The University of Michigan's most recent survey of consumer sentiment indicates that consumer sentiment in U.S. fell sharply to a six-month low of 57.7 in May of 2023 from 63.5 in April, well below forecasts of 63, amid renewed concerns about the trajectory of the economy, preliminary estimates showed. The expectations gauge declined to 53.4 from 60.5 and the current economic conditions subindex fell to 64.5 from 68.2.
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I think some of this is due to the Fed interest rate hikes along with the uncertainty of the debt ceiling fiasco.
And meanwhile Biden economy is doing fine indeed.
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When Biden took office in January 2021, the unemployment rate was 6.3 percent. Now it’s 3.4 percent, tied for the lowest figure since 1969. Even more impressive is the 4.7 percent rate for Black Americans: Not only is this the lowest rate in recorded history, but it also represents the smallest-ever gap between Black and White workers (whose unemployment rate stands at 3.1).
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And there is a segment of our population that wants to elect DJT who as a casino owner mismanaged it and declared bankruptcy.
https://www.washingtonpost.com/opini...2024-election/