Peter St Onge Podcast Ep 115 Weekly Roundup: Consumer Spending Soars
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Apr 7, 2025 The podcast dives into the surprising disconnect between consumer sentiments and actual economic data. It highlights soaring consumer spending despite political turmoil and plummeting approval ratings for the Democratic Party. The discussion also critiques the party's struggles with key voter demographics amidst radical activism. Additionally, it addresses the challenges posed by rising federal spending and declining global fertility rates, urging a rethink on the economic perceptions of raising children.
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Partisan Data Distortion
- Partisan survey responses are potentially skewing economic data.
- "Soft data" like consumer confidence surveys are diverging from positive "hard data" trends.
Consumer Spending Surge
- Consumer spending and incomes are rising under Trump, contradicting media narratives.
- The Federal Reserve faces a dilemma as falling inflation and rising growth create conflicting pressures.
Democrat Party Decline
- The Democrat Party's approval rating is at a historic low of 29%.
- Their dwindling media influence and unpopular policies contribute to their decline.