Thread: Consumer Sentiment Plunges To All-Time Low...Another Shortage Problem Hits The United

at some point the Abusers are going to beg for help and none will come

Another Shortage Problem Hits The United States...

Largest Pork Company In The US Shuts Down California Plant Due To High Costs...


Consumer Sentiment Plunges To All-Time Low...

BIDEN ECONOMY: Consumer Sentiment Plunges to All-Time Low Due to Gas Prices and Product Shortages

By Joe Hoft
Published June 11, 2022 at 3:01pm
425 Comments


Americans know that the Biden economy is going to hell and believe it is getting worse. Not good.
HotAir shared some clips from various publications and polls.

A new report from the University of Michigan shows consumer sentiment has plunged to a 40-year low, while inflation hit a new 40-year high at the same time:

The University of Michigan’s gauge of consumer sentiment fell sharply to a record low reading of 50.2, down from a May reading of 58.4. Economists polled by the Wall Street Journal had expected an June reading of 59.
The level is comparable to the low point reached in the middle of the 1980 recession, U Mich said.
Americans’ expectations for overall inflation over the next year rose to 5.4 in June from 3.3% in May, while expectations for inflation over the next 5 years jumped to 3..3% from 3% in the prior month.

Another poll comes from the Anti-Trump Wall Street Journal:

The Wall Street Journal, …ran a poll at which Joe Biden’s press secretary scoffed. They found that 83% of respondents thought the economy was either poor or “not so good,” only 27% thought their financial situation would improve over the next few years, and the poll registered the highest level of discontent in 50 years of running the survey.

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The Washington Post poll report this week should have prepared everyone for this level of pessimism:

Most Americans expect inflation to get worse in the next year and are adjusting their spending habits in response to rising prices, according to a poll conducted by The Washington Post and George Mason University’s Schar School of Policy and Government.

Inflation, which is near 40-year highs, has lifted the cost of just about everything, including essentials such as gas, groceries and housing. Overall prices are up 8.3 percent in the past year.
Families are feeling the pinch. Nearly 9 in 10 Americans say they’ve started bargain-hunting for cheaper products, and about three-quarters are cutting back on restaurants and entertainment, or putting off planned purchases, according to the Post-Schar poll conducted in late April and early May.

The entire nation knows that the Biden economy is collapsing. People only think it is getting worse. Americans are scared as Biden continues to do everything he can to seemingly destroy this country. When you look at the stolen election, energy dependence and every Biden action, it’s hard to believe he’s not trying to destroy this country on purpose.

BIDEN ECONOMY: Consumer Sentiment Plunges to All-Time Low Due to Gas Prices and Product Shortages (thegatewaypundit.com)

I stopped buying all Smithfield products when the stockholders sold the company to the Chinese.

China-owned Smithfield Foods closing operations in Vernon, Calif.

Published: June 10, 2022 at 8:26 a.m. ET

Smithfield Foods Inc., which is a unit of China's WH Group Ltd. WHGLY, -3.81% 288, -2.60%, said Friday it will cease all harvest and processing operations in Vernon, Calif., in early 2023. "Smithfield is taking these steps due to the escalating cost of doing business in California," the company said. The move is part of an overall effort to reduce its sow herd in the Western U.S., including Utah. It's also "exploring strategic options" to pull out of its farms in Arizona and California. Smithfield will serve the California market with its Farmer John brand and other products from existing facilities in the Midwest. Smithfield said it reached an agreement this week with the United Food and Commercial Workers International Union, the International Brotherhood of Teamsters and the International Union of Operating Engineers as part of its plan to close the Vernon facility. Smithfield chief operating officer Brady Stewart said the company remains "committed to providing financial and other transition assistance to employees impacted by this difficult decision." Smithfield said it currently employs 40,000 people at 46 facilities and nearly 500 company-owned farms. U.S.-listed shares of WH Group Ltd. are up 16% so far in 2022, compared to a drop of 15.7% by the S&P 500 SPX, -2.91%.

https://www.marketwatch.com/story/ch...lif-2022-06-10