

Consumer Sentiment Plunges!! Is A Recession Inevitable?
8 snips Apr 11, 2025
Consumer sentiment has plummeted, raising alarms about its impact on spending and the economy. The podcast dives into the consequences of declining confidence, juxtaposing it with previous years of strong consumer activity. Rising inflation expectations dominate discussions across political lines, especially among independents. There's also an exploration of challenges like diminishing purchasing power and economic uncertainty. The conversation underscores the necessity for wealth-building strategies as financial landscapes shift.
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Consumer Spending and Economic Contraction
- Consumer sentiment plummets, impacting spending regardless of political affiliation.
- This sentiment affects the economy significantly.
Consumer Sentiment on Labor Market as Leading Indicator
- Consumer sentiment on jobs is a leading recession indicator.
- Current sentiment suggests a labor market as bad as 2009, which was terrible.
Labor Market Anecdote (2012 vs. 2016-17)
- In 2012, George Gammon received many resumes for a handyman ad offering $12/hour.
- A similar ad in 2016-17, offering $15/hour, yielded far fewer applications.