Americans are feeling much better about the economy thanks to slowing inflation - WICZ | Metals Mine

  • Americans are feeling much better about the economy thanks to slowing inflation - WICZ

    From wicz.com

    Americans’ attitudes on the economy are improving substantially as inflation slows. The University of Michigan’s latest consumer survey showed that consumer sentiment improved this month, soaring 13% from December, according to a preliminary reading released Friday. Sentiment reached its highest level since July 2021. “Consumer views were supported by confidence that inflation has turned a corner and strengthening income expectations,” Joanne Hsu, the university’s surveys of consumers director, said in a release. “Over the last two months, sentiment has climbed a cumulative 29%, the largest two-month ... (full story)

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neelyfx
Jan 19, 2024 10:03am
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That's funny, I don't recall feeling better about the US economy.
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Trader#4ED2
Jan 19, 2024 9:18am
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Ya, it's just great ! Instead of driving towards the cliff at 75 MPH, we are driving towards the cliff at 55 MPH.
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rockypoint
Jan 19, 2024 10:23am
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The numbers are there for anyone to see. Trump did 3 primary thing while office, cut taxes, increased the deficit and lied about Covid.
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rockypoint
Jan 21, 2024 11:48am
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Quoting CashBox
{quote} Seems your stats forget what the economy was like before the engineered virus hit.
Again the numbers are there. go ahead and discount the pandemic. He a inherited a steadily up trending economy and continued a steadily up trending economy. By your standards you then have to discount Obamas first year then he inherited Bush's mess and Biden's first year he inherited the Pandemic.
Compare apples to apples, not apples to oranges.
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Rich.C
Jan 19, 2024 9:34am
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Retailers are so confidence, existing house sales are declining ceremoniously since 2022. Debt to income rages at 128% services are propping up GDP but there is simply not enough trained/ educated people to sustain the tepid growth demand let alone any growth that would have a real impact to the economy. No worries, can always borrow/ print more capital. What's a few trillion amongst friends?
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Grenadier
Jan 19, 2024 10:51am
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I've hit my BS limit for the day with this one. Does anyone else want to go and get a $72.00 steak? Maybe just a $18.00 Mc Meal.
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Steven1
Jan 20, 2024 6:38pm
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Ferna interest rates hit 10% next decade - governments blow up - handouts to everyone will stop - taxes will go up - the bad stuff happens then - u are way too bearish for the current time - just way too early
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Steven1
Jan 20, 2024 7:05pm
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Quoting Ferna
Good one i was gona say you are 10 year too late to be an equity optimist but i didn’t want to offend you. Gauntlet thrown? Pay attention to people like Ray Dalio or this guy, they are next level. I’m just adding in the people aspect, from what is being said, equities need to be re-valued and wealth needs to be re-distributed to build a stabile future of a shrinking population with less productivity. You have this huge floating air castles, pay attention to what happens to the companies that default. One day they were worth...
Seriously don't listen to Ray Dalio - do the opposite of what he says - he goes on tv been real bearish but in his monthly hedge fund filings he is buying shares - he has a poor track record
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Momofrmnyc
Jan 19, 2024 10:23am
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Quoting Ratmach
I don't know if these numbers are accurate, but I have a theory as to why they might be. It's not so much about any improvement right at the moment. It's looking to the near future that's getting people more optimistic. Slowly but surely it's becoming clear that a year from now we'll have a new president... and he'll continue to do for the economy what he did the first time he was president. (Of course it won't just be the economy that'll improve drastically, but I'll leave it at that for now.)
Optimistic about what??? What recent president has done great things for the American economy?

Some individuals are struggling to figure out their next meal and where they'll be laying their heads down they could give a F about a politician running around bragging how they've done so much for the economy as of lately.
Steven1
Jan 20, 2024 6:34pm
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Ferna u are 10 years too early - the bad stuff happens in the 2030's - not now -relax and enjoy the roaring 20's
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chiche
Jan 19, 2024 9:52am
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Americans are feeling much better about the economy thanks to slowing inflation - WICZ
Jaaaaaaaa BBBBBBSSSSSSSS
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Ferna
Jan 19, 2024 2:16pm
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Quoting Vancarbon
{quote} Ferna They’ve gone to the moon already The distribution phase takes time Markets front run the crowd/curve by a margin. I’ve similar before so I’m convinced this is what’s in play. Of course it’s your money/responsibility so best ignore me if you’re swayed
I have no one i listen too regarding trading/position advice, that phase long since over.
I’m more into the why’s. But i agree this is a bubble, there is the ingenuity of the market.

Don’t think we move the market too much. It’s all virtual, a broker or bank can hold your position as long as they want without an actual transaction taking place, even due it looks fine ’on your side’.
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CashBox
Jan 21, 2024 10:07am
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Seems someone is rolling out the propaganda...must be a US election year.

Stocks will be up, inflation will be rumored to be down, consumer sentiment (researched/reported by a woke America hating university) supposedly up, wars/rumors of wars around every corner and everyone forgetting the real issue of fake elections.

I Can't wait til after the election when they try to take us back toward WEF's wannabe reality of destroying the world and killing off the population with another worldwide virus and "restoring trust" via "elections will be a thing of the past" with a side of restricting free speech and cancelling people. So, things will seem better while they give with one hand, but their Davos meeting already said they're going to destroy with the other.

While all of the above interferes with our trading and is and will result in this website and all things trading being destroyed (because the davos elites will own everything, leaving nothing to trade), we're doing great! We do NOT depend on trading, money or politicians to save us or give us joy.

We control our beliefs and our joy no matter what these haters of humanity try to make us think via their empty propaganda! We are spiritual beings having a human experience.
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CashBox
Jan 21, 2024 10:11am
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Quoting rockypoint
{image} {image} {image} The numbers are there for anyone to see. Trump did 3 primary thing while office, cut taxes, increased the deficit and lied about Covid.
Seems your stats forget what the economy was like before the engineered virus hit.
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kidd0
Jan 19, 2024 9:30am
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Quoting Vancarbon
Those 500 who completed the survey How is this reflective of a population of 332 million! Survey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions; Maybe they all work on Wall Street
are your bearish USD? just curious
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Steven1
Jan 19, 2024 4:48pm
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Quoting Vancarbon
{quote} Ferna They’ve gone to the moon already The distribution phase takes time Markets front run the crowd/curve by a margin. I’ve seen similar before so I’m convinced this is what’s in play. Of course it’s your money/responsibility so best ignore me if you’re swayed
Vancarbon u said 6 weeks ago the US indexes would have a reversal and go down and u were wrong
US shares are in a bullmarket - lots of shares are hitting all time highs which proves a strong market.
Yes they will have a pullback at some stage but no reversal into a downtrend
Stockmarkets all around the world are hitting all time highs - all time highs is bullish not bearish
The big picture (weekly and monthly) has the US indexes going much higher - they have formed a bullflag and breakout and the measured move target is much higher as the red lines show
Permabear thinking does not help anyone- i view forexfactory only to see what the crowd is saying - the crowd is bearish as anything - nobody is bullish - the crowd is always wrong
I will give u a hint to where the markets are going longer term - the Dow is going to 100 k by the end of this decade- yes doubling from here
Look at the last big bullmarket from 1933 to 1966 - where did it finish???? just over 1000 - markets like big round numbers to excite the crowd to buy at the top - this time 100 k will excite the crowd
Every year since the GFC i hear people say the shares are overvalued and will crash and keep been wrong year after after year - permabear thinking is just plain silly in bullmarkets

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Steven1
Jan 19, 2024 7:26pm
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Quoting Ferna
Well u know Steve the numbers don’t add up, it”s not about what people always said before. This time we have a population decline and aging population, huge debts from those generations, and alot of political tension and wealth inequalities that wasn’t seen during those years. I agree with you it most proably will continue up, and that election and other events will keep adding to volatillity. But you can’t compare years who had a huge Boomer generation and many years of real wealth growth, to years that have a decline in population growth with...
The thing that everyone forgets is the stock market does NOT represent the economy - never has
If overseas money wants to buy US shares they can and push them to the moon they can
Us shares are in a bullmarket that is not due to finish till the end of this decade
Are u sure about the right info on demographics?
Here is a video to watch Demographics Say Bull Market Could Last Until 2035
Inserted Video

wealth inequality, huge debts etc have been around for 100 years - it is just noise to mislead u
the brain can give u stories and myths but the charts don't lie

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Steven1
Jan 20, 2024 4:54pm
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Quoting Ferna
{quote} I can see how anyone might see this as true. But if anyone understands the natural destiny of man and woman, and piece together context in which we are living in, we can conclude that this historical data isn’t predictive of the future. People are humans, not some numbers. But still we can use numbers to describe the context. This video assumes that the context is the same for baby boomers and millennials which isn’t true. Boomers and their children have set up a society that is made for them, gen-z and millennials are passive observers....
Ferna u are way too negative - so doom and gloom. I am a young person myself and know many young people and they are mostly positive. Have a think about how things were a hundred years ago. most worked 12 plus hours doing hard work on farms etc. no fridges,cars etc compared to today. we live like kings compared to a hundred years ago. doom and gloom never pays off in the longer term Been positive always is better than negative - look at the people who do prepping and keep saying the end is near every year - they keep been wrong. Just like the people who say shares are overvalued and the markets will crash every year - they keep been wrong every year. U need to relax and chill out a bit. Maybe a holiday could be a good idea.
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mike1349
Jan 19, 2024 10:16am
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Quoting Vancarbon
{quote} Kiddo I trade the indices so just use the $ correlation for guidance on positional play. My view would depend on your timeframe , but in truth my view is irrelevant , as it’s your opinion ( and money) that matter BTW - it’s open expiration today hence the volatility this week .
Where do you get that open expiration date from? Thank you
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Ferna
Jan 19, 2024 6:31pm
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I see they released TIC data after NY close and it shows a good increase in foreign investment.
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rockypoint
Jan 21, 2024 11:45pm
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Brilliant comment, full of insight
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Ratmach
Jan 19, 2024 10:00am
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I don't know if these numbers are accurate, but I have a theory as to why they might be. It's not so much about any improvement right at the moment. It's looking to the near future that's getting people more optimistic. Slowly but surely it's becoming clear that a year from now we'll have a new president... and he'll continue to do for the economy what he did the first time he was president. (Of course it won't just be the economy that'll improve drastically, but I'll leave it at that for now.)
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mallee
Jan 21, 2024 1:27am
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America and the West need to get rid of the welfare class by whatever means.
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gzforex20
Jan 19, 2024 11:21am
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There will never be a recession again, unless FED is banned from Implementing QE ,
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Trader#4ED2
Jan 19, 2024 11:04am
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Quoting Grenadier
I've hit my BS limit for the day with this one. Does anyone else want to go and get a $72.00 steak? Maybe just a $18.00 Mc Meal.
Would love too ! ( Can only afford Ramon noodles now )
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Trader#4D72
Jan 19, 2024 12:06pm
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Thank you for everything that you do for us, have a bless day and ev1 else
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Trader#70E2
Jan 19, 2024 4:03pm
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It's not improving food still up gas, electric, housing, layoffs, jobs still getting sent to Mexico, workers getting more money less hours not enough to pay bills on a 4day work week
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CashBox
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