ST Alpha - "This is fascinating re: consumer confidence vs economic indicators in the US -- (link)" (Reading a Post)

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This is fascinating re: consumer confidence vs economic indicators in the US -- (link)

Posted by ty97 Dec 1 '23, 15:08

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https://twitter.com/M_C_Klein/status/1730718997170344427 (twitter.com)

Responses:

Paul Krugman has written a lot about this. One thing he's come around to (a bit) is that while inflation has come down a lot, because the reduction - pmb Dec 1, 15:42 3
- I guess, but what's fascinating about this set of charts is that those other countries *also* had inflation. -- nm - ty97 Dec 1, 15:47
- aka "economy" = vibez -- nm - hollywood big shot Dec 1, 15:46
- aka People don't think in terms of second derivatives -- nm - B'nai B'ron Dec 1, 15:43
Well, I can't read the ft.com article and the charts are unlabeled. What does the vertical measure? What are the blue and red lines? -- nm - Mop Dec 1, 15:29 1
- I can't read the ft article either but with the description of the chart and the comparison against other countries, I can interpret it -- nm - ty97 Dec 1, 15:32
that's one word for it i guess -- nm - hollywood big shot Dec 1, 15:14 8
- It's a trend to be understood, it's very interesting the way it is isolated to the US. -- nm - ty97 Dec 1, 15:18 7
  - the media has been doomsdaying "the incoming recession" for three years straight despite record GDP and historic low unemployment. is it any surprise - hollywood big shot Dec 1, 15:26
  - And correlated to political ideology. -- nm - ReluctantCynic Dec 1, 15:19 5
    - it's way more correlated to age if you look at the surveys. Under 35s are convinced we're in Great Depression 2. -- nm* - Reagen Dec 1, 15:24 4
      - For that age group, it's not exactly wrong, and seeing how that age group is voting, it's pretty clear they - TWuG Dec 1, 15:32 3
        
        And those opinions may change if doesn't improve for them. - ty97 Dec 1, 15:33 2
        
        there is no age demo in America that is remotely close to experiencing depression-level poverty -- nm - hollywood big shot Dec 1, 15:40 1
        
        Of course not, but the current 20 somethings ARE experience economic realities that are harder than their parents/grandparents. - TWuG Dec 1, 15:45

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