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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 27 days ago

US consumer sentiment plummets to second-lowest level on records going back to 1952

edition.cnn.com

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US consumer sentiment plummets to second-lowest level on records going back to 1952

edition.cnn.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 27 days ago
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US consumer sentiment plummets to second-lowest level on records going back to 1952 | CNN Business
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Americans are rarely this pessimistic about the economy.
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  • miz [any, any]@hexbear.net
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    27 days ago

  • stink@lemmygrad.ml
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    27 days ago

    Somehow stock market is still up today… all imaginary numbers

    • muirc [none/use name]@hexbear.net
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      27 days ago

      It’s 'cause the stock market isn’t the economy. It’s a goddamn casino.

    • BodyBySisyphus [he/him]@hexbear.net
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      27 days ago

      Barely. Everything’s parked on the sidelines pending the next pronouncement from on high. Apple’s already down from +7% at open to +3% now.

  • GrouchyGrouse [he/him]@hexbear.net
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    27 days ago

    Once again what the markets actually want is stability but you don’t make astronomical sums of money off stability if you’re doing a bunch of gambles so this kind of manic reporting will continue as they try to get a handle on the narrative. They’ll be reporting shit like “everyone is broke but the stocks are up so nobody knows if it’s bad or not.”

    Meanwhile everyone trying to afford food is like kitty-birthday-sad

  • pumpchilienthusiast [comrade/them, any]@hexbear.net
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    27 days ago

    so much winning

    • miz [any, any]@hexbear.net
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      27 days ago

      Please, please. It’s too much winning. We can’t take it anymore. Mr. President, it’s too much.

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