APOLLO: Consumer sentiment is declining rapidly both for households making more than $100,000 and less than $100,000. [Slok] 🇺🇸
@mikezaccardi.bsky.social
@mikezaccardi.bsky.social
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https://www.youtube.com/watch?v=c6hYwKW7MFk
Confidence? Shit.
Moved my savings account from PNC getting 2.02% to CitiBank getting 3.73% interest.
Also discovered that PNC has an F score on https://isyourbankloaded.com and Citibank is a B.
Recent news also highlighted that higher income households had a larger impact on overall spending. The markets tanking have an impact their spending habits.
Nazi.
Consumer spending accounts for 70% of GDP
Having overall consumer spending drop by just 5% would hand the orange felon a recession
Should be interesting
Might improve some based on trade data, but we'll have to see
https://youtu.be/CqXzLx0h8xI?si=PmEtdReUid5YPooh
Trump takes for granted that the markets will roar back whenever he decides and any "new" success will be labeled Trump success.
Its our job to not allow these manipulations.
ALLLLLLLLLL
OF THIS IS FOR PUTIN
letter to Biden in 2024 kicking Feds out of Texas--this is for Hochul to send to Trump kicking ICE out of NY on constitutional grounds. At least worth putting this forth as a petition. All thoughts welcome. https://govhochulstatement.tiiny.site
And other officials are preemptively Biden, confirming that they see it’s going to be bad.
“If Trump does half the things he’s promising to do, this whole thing will blow up. And it will discredit Maga for a generation.”
https://www.ft.com/content/bc90343c-ad9d-498d-bd26-346c54abd8f0
We looked at you as the country that used to support freedom around the world. But now, your majority chose to be slaves to a dictator, his party, his billionaire friends, and Putin.
Europe is rising, and you are dying.
Americans have major resentment.
A 12% drop in consumer sentiment.
Economy shrinking by 2.8 percent.
Trump is leading America’s descent.
People - especially those of you within 3 years of Retirement - talk to your Advisor about getting more defensive.
If you don’t have an advisor then I would suggest moving toward a 50/50 mix of large dividend stocks and bonds.
you mistake desantis for someone who gives a shit about anything than himself.
His voters seem to eat whatever shit they feed them.
https://www.mainepublic.org/2025-03-13/how-business-executives-are-feeling-about-economic-uncertainties-and-whiplash
All they wanted was to lick Trump's boots.
Now when there is a strong potential for a recession due to Trump...
You can’t hide a recession for long.
(Once again, doubling down on the flip side of the coin, the media's abuse of frivolously painting a negative picture that didn't exist, was beyond over the pale and may have painted distorted Journalism for years to come).
The majority of trumpies earn exactly $100,000 and that's 79% of the country and we're all over this raging economy as a fat boy on cake.
Albeit we have the measles and have now acquired diabetes.
https://www.wsj.com/economy/consumers/us-economy-strength-rich-spending-2c34a571