Consumer outlook plunges in September

6,925 Views | 102 Replies | Last: 6 days ago by whytho987654
MemphisAg1
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Not setting up well for the midterms if you're a Republican. The odds of a shellacking are growing as we draw nearer to November. It's not the outcome I want but seems increasingly likely. Not sure there's much the R's can do over the next 60 days to change it, expect for a sudden collapse in gas prices and interest rates. Even then, I think the die is already cast in most voters' minds on whether to even show up for the vote and who to vote for (or against). That won't stop Trump and his point men from trying to spin the story even harder, but I don't think anybody is buying it outside of his core followers which are at most 25% of the voting pool.

I of course hope I'm wildly wrong and have to eat crow.
Quote:

Consumer sentiment plunged in September amid heightened inflation fears, hitting its second lowest level on record on the University of Michigan's monthly survey released Friday.

"Year-ahead expectations for both personal finances and business conditions plunged," survey director Joanne Hsu said. "With a resurgence in fuel prices and trade tensions, consumers anticipate greater pressures on their pocketbooks to come."

The survey's headline index hit a level of 47.8, down 7.5% from the August reading and off 13.2% from a year ago. This was the second lowest reading on record for data going back to 1952 the bottom coming in May as rising prices also jolted the outlook.

https://www.cnbc.com/2026/09/11/consumer-outlook-plunges-in-september-as-inflation-outlook-worsens.html
CDUB98
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"Where's the data that the economy is bad?" /resident morons
flown-the-coop
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"Economy is not where we want it to be, lingering conflicts in Iran and Ukraine are heavily impacting the fuel markets, but the fundamentals remain solid, trillions in investment in US manufacturing, and a solid path forward - if you don't shizzle your pants and vote for socialism" / informed, intelligent realists
YouBet
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And people will vote for communism and make it even worse.
BigRobSA
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We've given progressivism a chance, recently: Biden & Obama

We've given liberalism a chance, recently, twice by the same guy: Trump

Maybe we should try some conservative policy for a change.
WestAustinAg
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The Dow is up 550 points points which is 1 pp of market
NASDAQ is up 315 points which is a jump of 1.3 pp of market
Oil prices started moving down again.
The last labor report showed 5 times the expected number of people went back to work.

The economy is expanding and growing at a tremendous rate.

Inflation is high...because we spend too much and our economy is growing so fast.

These kinds of threads are meant to demoralize you.
YouBet
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WestAustinAg said:

The Dow is up 550 points this morning.
NASDAQ is up 315 points.
Oil prices started moving down again.
The last labor report showed 5 times the expected number of people went back to work.

The economy is expanding and growing at a tremendous rate.

Inflation is high...because we spend too much and our economy is growing so fast.

These kinds of threads are meant to demoralize you.


We have so many lagging and conflicting indicators now it's hard to know what reality is. Not to mention that the stock market is largely disconnected from the economy now.
MouthBQ98
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People have forgotten what a bad economy is even like or have never really experienced one. We've had some hiccups the last 2-3 decades but extreme government intervention and manipulation has blunted the worst effects.

We have an inflation hangover and only moderate growth with a few particular pressures but people perceive it as bad when it could be far worse looking at truly bad economic history
MemphisAg1
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I'll never vote for a Democrat, but I think team red could do a better job of being dialed into the concerns of average people instead of constantly trying to spin a message that everything is hunky dory.

Hubris is a powerful drug. The Dems fall prey to it when they're in power also and think everybody loves them. It's what drives the yo-yo of political power back and forth between the parties. They all get too big for their britches. A little bit of realism and truth acknowledgement would serve them well with voters. Most people don't expect their leaders to be perfect, but they do expect them to be honest with them about the current situation and the plan for making things better.
No Spin Ag
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YouBet said:

And people will vote for communism and make it even worse.


To quote "Orange Cheeto"..."what do you have to lose?"

Trump was supposed to bring a "Golden Age" not another type of "golden", which is how life post EO has been.

Call it rain if you want, but the color and smell say otherwise.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
jejdag
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Did he say he'd get it done in 2 years?
MemphisAg1
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WestAustinAg said:

The Dow is up 550 points points which is 1 pp of market
NASDAQ is up 315 points which is a jump of 1.3 pp of market
Oil prices started moving down again.
The last labor report showed 5 times the expected number of people went back to work.

The economy is expanding and growing at a tremendous rate.

Inflation is high...because we spend too much and our economy is growing so fast.

These kinds of threads are meant to demoralize you.

You are cherry-picking data points and only presenting a slice of the picture instead of the whole story. That's exactly what I'm talking about.

If people are living the "wonderful economy" you are proclaiming, then voters will reward the party in power with re-elections... right? Why would they vote them out?

That survey I linked in the OP provides a view of how consumers feel. Whether you agree with them or not, that is how they see the world. The R party ignores it at its own peril. And it upsets me because it means the Dems are likely to gain control and continue advancing their socialist agenda. Whereas if our leaders in the R party could be just a little more dialed into reality and communicate better and honestly with voters, they would stand of better chance of retaining power.
BigRobSA
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jejdag said:

Did he say he'd get it done in 2 years?


Im convinced he doesn't understand linear time.

2 weeks to slow the spread
2 weeks to defeat Iran
Etc
Etc

Deputy Travis Junior
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YouBet said:

And people will vote for communism and make it even worse.


I have nothing good to say about the Democrat party, but Trump is promising $5k checks if he wins and is also looking to create a new stay-at-home mom entitlement (I get some money is already lying around that can pay for it for some time, but this is a camel's nose in the tent action). If you have to act like a communist be beat the communists, that's not much of a victory.

We've all seen this quote, but we're 100% at this stage now: A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.
TexAgs91
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MemphisAg1 said:

Not setting up well for the midterms if you're a Republican.


How was the Consumer Outlook when the marxists were running the country?

Americans have the attention span of a door knob
Chemistry happens and eventually the rocks get opinions...
Ad Lunam
Heineken-Ashi
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MouthBQ98 said:

People have forgotten what a bad economy is even like or have never really experienced one. We've had some hiccups the last 2-3 decades but extreme government intervention and manipulation has blunted the worst effects.

We have an inflation hangover and only moderate growth with a few particular pressures but people perceive it as bad when it could be far worse looking at truly bad economic history

Not even close.

We have a K-shaped economy. People with cash buying $700k homes that were priced $900k two years ago.

Meanwhile, first time home buyers are literally non-existent. Gone. There is not market. Largest gap between homes available on the market and buyer on record.

The top is maintaining. The bottom is in depression. The middle is slowly declining.

Data that tried to lump it all together is missing the picture. The bottom and middle make up almost the entire country. Sentiment is showing that.
Tony Franklins Other Shoe
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MemphisAg1 said:


That survey I linked in the OP provides a view of how consumers feel. Whether you agree with them or not, that is how they see the world. The R party ignores it as its own peril. And it upsets me because it means the Dems are likely to gain control and continue advancing their socialist agenda. Whereas if our leaders in the R party could be just a little more dialed into reality and communicate better and honestly with voters, they would stand of better chance of retaining power.

I think this is a little more nuanced. While I agree with you that the messaging and concern is being poorly handled when it should be mostly a layup, the swimming against the media tide is very hard to overcome. If it bleeds, it leads. The messages bombarding the stupid liberals is slanted to the woe is me side. Even a thoughtful and balanced message is hard to convey against that.

I'm doing better than ever and the people I interact with daily are all doing very well. No doubt there are some people struggling, but that is always occurring. Some with actual issues, a lot of others that are self-inflicted. So while the Republicans should be putting out much better messaging for the public, there is a big chunk that could be led to water, but then flatly refuse to drink because they think the water is poisoned.

Person Not Capable of Pregnancy
HTownAg98
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TexAgs91 said:

MemphisAg1 said:

Not setting up well for the midterms if you're a Republican.


How was the Consumer Outlook when the marxists were running the country?

Americans have the attention span of a door knob

It's not an either/or proposition. The ones that typically vote R aren't going to vote D. They just won't vote at all. And it's not necessarily that people think the other side will do any better. It's that the people in charge now aren't doing a good job, so they gotta go. And when the new people get in and do a terrible job, they get voted out too. Rinse and repeat.
Thunderstruck xx
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BigRobSA said:

We've given progressivism a chance, recently: Biden & Obama

We've given liberalism a chance, recently, twice by the same guy: Trump

Maybe we should try some conservative policy for a change.


I'm with you man. WTF ever happened with DOGE? Was that all just for show?
YouBet
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Deputy Travis Junior said:

YouBet said:

And people will vote for communism and make it even worse.


I have nothing good to say about the Democrat party, but Trump is promising $5k checks if he wins and is also looking to create a new stay at-home mom entitlement (I get some money is already lying around that can pay for it for some time, but this is a camel's nose in the tent action). If you have to act like a communist be beat the communists, that's not much of a victory.

We've all seen this quote, but we're 100% at this stage now: A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.

Agree with all. The $5K check dividend is tard idiocy. I noticed that Vance was already walking that down immediately after the convention with caveats and conditions because he knows it's stupid, but he can't go fully against his boss.

Yes, let's add a new $1.2T spending program on top of our already $2T annual deficit.

Brilliant!

All I know is that tax rates are going up no matter what. Just had our quarterly meeting yesterday with FA and we are doing Roth conversions as much as we can here forward to help mitigate that eventuality.
one safe place
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No Spin Ag said:

YouBet said:

And people will vote for communism and make it even worse.


To quote "Orange Cheeto"..."what do you have to lose?"

Trump was supposed to bring a "Golden Age" not another type of "golden", which is how life post EO has been.

Call it rain if you want, but the color and smell say otherwise.

I can only imagine how much worse things would be had mamala been elected.
YouBet
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AG
Thunderstruck xx said:

BigRobSA said:

We've given progressivism a chance, recently: Biden & Obama

We've given liberalism a chance, recently, twice by the same guy: Trump

Maybe we should try some conservative policy for a change.


I'm with you man. WTF ever happened with DOGE? Was that all just for show?

It was always limited to a sliver of Discretionary spend and was never going to change the trajectory of our spending. The math was never there for it to do that.

However, it did expose massive money laundering and grift by mostly Democrats via USAID. That will all come back under a Dem POTUS though.
flown-the-coop
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BigRobSA said:

jejdag said:

Did he say he'd get it done in 2 years?


Im convinced he doesn't understand linear time.

2 weeks to slow the spread
2 weeks to defeat Iran
Etc
Etc



Time is relative, not linear.
No Spin Ag
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BigRobSA said:

jejdag said:

Did he say he'd get it done in 2 years?


Im convinced he doesn't understand linear time.

2 weeks to slow the spread
2 weeks to defeat Iran
Etc
Etc




I just laughed out loud when I read, "he doesn't understand linear time."

Thanks, amigo. I needed that.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
YouBet
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flown-the-coop said:

BigRobSA said:

jejdag said:

Did he say he'd get it done in 2 years?


Im convinced he doesn't understand linear time.

2 weeks to slow the spread
2 weeks to defeat Iran
Etc
Etc



Time is relative, not linear.

Time is a flat circle.
MouthBQ98
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I see this, but find it sort of inaccurate. It is people who are doing ok simply envious of people doing better because all economic growth has a Pareto distribution in allocation. People who make good or fortunate choices do very well, and those who are unfortunate or reckless get themselves stuck near zero. They can see the divergence but they presume corruption and cheating versus the fact that these distributions are narutal and inevitable over time, and the goal is to aim at being higher on that distribution with better personal choices.

Even in Marxist systems, the party leaders and officers and Nomenklatura receive and grow a disproportionate access to wealth and luxuries that they can grow as they grow their political power. It always applies.

The actual quality of life right now is better for almost everyone than It has ever been in the past due to advancing technology continuously making expensive luxuries into cheap and commonplace things over time. Our poor today live a quality of life and health better than the wealthiest a century ago.

I'm not discounting short term problems but rather noting that the perspective on what constitutes difficulties, struggles, and suffering is very distorted and is only getting moreso as people see a distorted fake divisl media impression of the eorld instead of reality.
Deputy Travis Junior
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Agreed. Median household income is in the mid 80k's. Chop off a quarter for taxes, SS, Medicare and that's mid 60s, or $5k and some change a month.

$2500 for mortgage
$600-800 for household bills (electricity, phones, internet, water)
$300-500 for car and home insurance
$500-1000 for health insurance (highly variable. Also pretax expense but still)
$500-1000 for groceries
$300-500 for monthly car payments

And we're there. Note that this leaves nothing for emergency savings, retirement, water heater breaking, out of pocket medical expenses, kid's needing new clothes, etc. And half the households are doing worse!
flown-the-coop
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MemphisAg1 said:

I'll never vote for a Democrat, but I think team red could do a better job of being dialed into the concerns of average people instead of constantly trying to spin a message that everything is hunky dory.

Hubris is a powerful drug. The Dems fall prey to it when they're in power also and think everybody loves them. It's what drives the yo-yo of political power back and forth between the parties. They all get too big for their britches. A little bit of realism and truth acknowledgement would serve them well with voters. Most people don't expect their leaders to be perfect, but they do expect them to be honest with them about the current situation and the plan for making things better.

You want the epitome of a "land acknowledgement" before Trump gives any speech.

When people admit its them that's petty and not just Trump, we can get somewhere.

This is the equivalent of being mad about mean tweets.
HTownAg98
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flown-the-coop said:

BigRobSA said:

jejdag said:

Did he say he'd get it done in 2 years?


Im convinced he doesn't understand linear time.

2 weeks to slow the spread
2 weeks to defeat Iran
Etc
Etc



Time is relative, not linear.

It's both, depending on perspective. But I'm not going to geek out in physics on this thread.
Tony Franklins Other Shoe
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Heineken-Ashi said:

Not even close.

We have a K-shaped economy. People with cash buying $700k homes that were priced $900k two years ago.

Meanwhile, first time home buyers are literally non-existent. Gone. There is not market. Largest gap between homes available on the market and buyer on record.

The top is maintaining. The bottom is in depression. The middle is slowly declining.

Data that tried to lump it all together is missing the picture. The bottom and middle make up almost the entire country. Sentiment is showing that.

I'm not an Economics grad so I had to look up this K-shaped economy. Became popular coming out of Covid. Interesting that we have the same divergence of people getting along with their lives and a separate faction that is struggling.

Person Not Capable of Pregnancy
flown-the-coop
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TexAgs91 said:

MemphisAg1 said:

Not setting up well for the midterms if you're a Republican.


How was the Consumer Outlook when the marxists were running the country?

Americans have the attention span of a door knob

Its the ongoing influence of MSM propaganda and Chinese supplied domestic social influence.

When the Chicom delegates i.e. the Hate Americans are in charge they have a complicit MSM and algorithms to run a nonstop gaslight of how great things are. When those who love America and wish to make it great again are in charge, the flow is reversed.

Its not any more complicated than that.
flown-the-coop
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HTownAg98 said:

flown-the-coop said:

BigRobSA said:

jejdag said:

Did he say he'd get it done in 2 years?


Im convinced he doesn't understand linear time.

2 weeks to slow the spread
2 weeks to defeat Iran
Etc
Etc



Time is relative, not linear.

It's both, depending on perspective. But I'm not going to geek out in physics on this thread.

If it depends on perspective, its automatically relative.

You don't need physics to understand that. Its why Trump is expert at this as well.
flown-the-coop
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Tony Franklins Other Shoe said:

Heineken-Ashi said:

Not even close.

We have a K-shaped economy. People with cash buying $700k homes that were priced $900k two years ago.

Meanwhile, first time home buyers are literally non-existent. Gone. There is not market. Largest gap between homes available on the market and buyer on record.

The top is maintaining. The bottom is in depression. The middle is slowly declining.

Data that tried to lump it all together is missing the picture. The bottom and middle make up almost the entire country. Sentiment is showing that.

I'm not an Economics grad so I had to look up this K-shaped economy. Became popular coming out of Covid. Interesting that we have the same divergence of people getting along with their lives and a separate faction that is struggling.

K-shaped anything is a completely made-up construct by those trying to convince more and more people of their suffering.

You could make a case the 2025 Aggie football team had a K shape season. Lots of winning then losing. From there you can make folks feel great about the wins and awful about the losses. It makes no sense to describe it as a K, same as it makes no sense to describe an overall economic trend as a K.
Who?mikejones!
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Its tough when I put 175 dollars in the tank and its not full
Deputy Travis Junior
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YouBet said:

[
Agree with all. The $5K check dividend is tard idiocy. I noticed that Vance was already walking that down immediately after the convention with caveats and conditions because he knows it's stupid, but he can't go fully against his boss.

Yes, let's add a new $1.2T spending program on top of our already $2T annual deficit.

Brilliant!


Not to mention he did this while his guy Bessent is fighting a David versus Goliath battle against the bond market by trying to get rates down. One of the reasons the yields on the long dated notes are climbing is that the market sees the debt (specifically its interest burden) becoming a problem, and it doesn't think the government is taking it seriously. Promising naked, trillion dollar cash giveaways only reinforces their opinion. So this probably made Bessent's job harder, and Bessent is fighting this battle because Trump is pissed by climbing rates!

It's not a coherent set of policies. His actions in one arena make his goals in another harder to achieve.
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