Consumers’ confidence in the U.S. economy sank deeper into darkness as Donald Trump’s tariff war escalated in the first week of this month, according to the University of Michigan’s initial April survey of consumer sentiment.
Tag: inflation
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SLAVELANDIA: FOUR IN FIVE AMERICANS ARE FINANCIALLY STRESSED
Seventy-three percent of Americans responding to a CNBC survey report being “financially stressed.”
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WALL STREET BARONS LOSE HOPES FOR TRUMP’S PROMISED “GOLDEN AGE”
Private equity firms are deferring, if not giving up, the new golden age of major dealmaking and swelling profits they expected when Donald Trump campaigned on promises of lower taxes and a softer regulatory touch.
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U.K. LOOKS TO BEEF UP ITS MILITARY AT THE EXPENSE OF ITS PUBLIC
As Gerald Celente has frequently noted, “When all else fails, they take you to war.”
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ITALY’S MELONI CRITIQUES EUROPE’S “TIT FOR TAT” TARIFFS
Europe’s retaliatory tariffs on U.S. imports, imposed in response to U.S. trade levies, risks a return of inflation, Italian prime minister Giorgia Meloni warned on the eve of last week’s meeting of European heads of state.
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TOP TREND 2025: THE TRUMP CARD
One of our Top Trends for 2025 is “The Trump Card.” As the old Bronx saying goes, “Bullshit has its own sound.”
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U.S. CONSUMERS CUT SPENDING AS MOOD CONTINUES TO DARKEN
Foot traffic in American brick-and-mortar stores was 4.3 percent less in early March than a year earlier, continuing a reduction in shopping that began early this year, research service RetailNext reported.
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TRILLION-DOLLAR SELL-OFF HITS INDIA’S STOCK MARKETS
A prolonged slide in India’s stock values has erased $1 trillion in value from investors’ holdings. The flagship Nifty 50 index has retreated 14.5 percent from its September high. The Sensex, a catalog of 30 major companies traded on the Mumbai exchange, has dropped 13.9 percent.
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U.K. GDP SHRINKS IN JANUARY
The U.K.’s economic activity contracted by 0.1 percent in January, surprising economists who had foreseen a 0.1-percent increase that would have built on December’s 0.4-percent gain.
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INFLATION AND HIGH GOVERNMENT DEBT ARE LINKED, STUDY FINDS
When a government borrows to fund its programs, that puts pressure on consumer prices, according to research by Ernie Tedeschi, director of economics at Yale University’s Budget Lab and former chief economist for President Joe Biden’s White House Council of Economic Advisers.
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