Do you prefer direct links to content? Check out our sister site at Uncanceled.news.
Having surged to pre-COVID levels in June, The Conference Board’s consumer confidence index is expected to rebound in September from a two-month slide, but they were wrong as US Consuemr Confidence tumbled for the 3rd straight month to 109.3 (from 113.8 and well below the 115.0 expected).
Both ‘Present Situation’ and ‘Expectations’ tumbled (143.4 vs 147.3 prior and 86.6 vs 91.4 prior respectively). Source: Bloomberg
This is the weakest consumer confidence since February. “Consumer confidence dropped in September as the spread of the Delta variant continued to dampen optimism,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board.
“Concerns about the state of the economy and short-term growth prospects deepened, while spending intentions for homes, autos, and major appliances all retreated again. Short-term inflation concerns eased somewhat, but remain elevated. Consumer confidence is still high by historical levels—enough to support further growth in the near-term—but the Index has now fallen 19.6 points from the recent peak of 128.9 reached in June. These back-to-back declines suggest consumers have grown more cautious and are likely to curtail spending going forward.” Simply put, optimism collapsed: Consumers’ optimism about the short-term business conditions outlook eroded further in September. 21.5% of consumers expect business conditions will improve, down from 23.4%.
17.6% expect business conditions to worsen, up from 17.4%.
Consumers were also less optimistic about the short-term labor market outlook. 21.5% of consumers expect more jobs to be available in the months ahead, down from 23.1%.
20.3% anticipate fewer jobs, up from 18.0%.
Consumers were slightly less positive about their short-term financial prospects. 17.3% of consumers expect their incomes to increase, down from 18.2%.
11.5% expect their incomes will decrease, up from 9.9%. Finally, spot the difference in confidence among Americans… Source: Bloomberg Can you tell which is the government-sponsored ‘confidence’ measure and which is the private entity sourced.
One Sick Day Proves We Need More Voices in Truthful Media
On October 19, I was sick. It crossed my mind that I had finally gotten the ‘rona, but my wife’s cream of chicken soup and a few extra hours of sleep into mid-afternoon had be back up and running after a sleepless night before.
When I finally stumbled over to my computer in the evening, I was met with a deluge of concern from readers. They asked what had happened as only one article had been posted that day. Generally, we post between 10-20 daily between all of the sites, not included curated and aggregated content. Seeing that we’d only posted my super-early morning article before taking the rest of the day off had readers assuming the worst.
We have a wonderful and talented group of writers who volunteer their time for the sites and their readers. Sharing their amazing perspectives has always been a blessing to us because we cannot afford to hire anyone at this time. But having great writers is meaningless if we don’t have great editors, or at least one additional. My wife helps me read and edit stories from time to time, but I’m a one-man show when it comes to getting the stories posted.
Whenever I highlight our desperate need for donations, I note that we do not receive money from Google ads even though most in conservative media are beholden. I often ambiguously note that the money donated will help us grow. Today, I’m highlighting a specific need. We must get an editor to help take some of the load and to expand on our mission of spreading the truth to the world. One sick day proved that.
The great news is that there is no shortage of people who CAN help. I am emailed variations of resumes every week by people who are much smarter than I am. As much as I’d love to hire some of them, we simply cannot. That takes money and as blessed as we’ve been to receive donations and collect ad money (though not from Google or Facebook), we have still fallen short.
Those who have the means, PLEASE consider donating. We have the standard Giving Fuel option and people can donate through PayPal. We are also diving into what we believe is extremely disruptive technology at LetsGo.finance, the world’s first major donation portal for crypto. I’ll be talking a lot more about them in the near future. Those who prefer Bitcoin can send to my address here: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
We can get the voices out there and we’re willing to shine a spotlight on new talent. We just need the resources to make it happen. If you can help, we would be extremely grateful.
Thank you and God bless!
All ORIGINAL content on this site is © 2021 NOQ Report. All REPUBLISHED content has received direct or implied permission for reproduction.
With that said, our content may be reproduced and distributed as long as it has a link to the original source and the author is credited prominently. We don’t mind you using our content as long as you help out by giving us credit with a prominent link. If you feel like giving us a tip for the content, we will not object!
JD Rucker – EIC