Results 1 to 3 of 3
Like Tree3Likes
  • 1 Post By Airbornesapper07
  • 1 Post By Airbornesapper07
  • 1 Post By Newmexican

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

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Senior Member Airbornesapper07's Avatar
    Join Date
    Aug 2018
    Posts
    43,866

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

    Newmexican likes this.
    If you're gonna fight, fight like you're the third monkey on the ramp to Noah's Ark... and brother its starting to rain. Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  2. #2
    Senior Member Airbornesapper07's Avatar
    Join Date
    Aug 2018
    Posts
    43,866
    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.

    TRENDING: Senators Reach Agreement on Gun Control, Including Red Flag Laws to Take Guns from Law-Abiding Americans - Here Are the 10 Republicans Who Joined the Dems

    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)

    Newmexican likes this.
    If you're gonna fight, fight like you're the third monkey on the ramp to Noah's Ark... and brother its starting to rain. Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  3. #3
    Super Moderator Newmexican's Avatar
    Join Date
    May 2005
    Location
    Heart of Dixie
    Posts
    36,012
    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
    Airbornesapper07 likes this.
    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn

Similar Threads

  1. Consumer Confidence Plunges Most In 2 Years
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 0
    Last Post: 10-30-2013, 12:20 AM
  2. Consumer Confidence Plunges To 39.8 From 45.4 On Expectation
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 0
    Last Post: 10-25-2011, 04:16 PM
  3. Consumer Sentiment Lowest Since 1980
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 0
    Last Post: 08-13-2011, 03:50 PM
  4. US Stocks Rise As Investors Shrug Off Consumer Sentiment
    By JohnDoe2 in forum Other Topics News and Issues
    Replies: 6
    Last Post: 08-12-2011, 05:19 PM
  5. Consumer Sentiment Falls Unexpectedly in October
    By cjbl2929 in forum Other Topics News and Issues
    Replies: 1
    Last Post: 10-16-2009, 03:25 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •