The U.S. Bureau of Economic Analysis released more concerning data for US consumers. In what was the most significant drop in almost four years. Personal incomes decreased $109.6 billion (0.4 percent at a monthly rate) in May. Meaning US consumers had less access to income to purchase goods. With continued apprehension over softening job markets, […]
Month: June 2025
US Consumers – including Trump’s base – more pessimistic in June Consumer Confidence Index
The Conference Board released its Consumer Confidence Index yesterday, revealing a pessimistic outlook among American consumers. The index fell by 5.4 points to just 93.0, down from 98.4 in May. Interestingly, the Expectations Index, which is composed of consumers’ near-term outlook for income, labor market conditions, and business fell by another 4.6 points down to […]
American consumers pull back spending amid Trump policy chaos
With ongoing uncertainty from the Administration regarding international trade, American consumers are anxious and have reduced their spending substantially in May. Retailers experienced their second consecutive month of plummeting consumer spending. And the decline is growing. After a slight decline of just -0.1% in April – May retail sales fell off the proverbial cliff, […]
Buy your way into the USA! Trump launches pay-for-access Visa while aggressively deporting poor migrants
In back-to-back Truth Social posts yesterday afternoon, Trump showcased the dichotomy of his immigration plan. In the first post, Trump touted that “FOR FIVE MILLION $DOLLARS, THE TRUMP CARD IS COMING! More than fifteen thousand have signed up and joined the Waiting List since we opened the site last night!” While in the second post […]
U.S. trade policy chaos expected to spur Global economic slowdown
With the world’s largest economy sputtering amid ongoing chaotic tariff and trade policy, the World Bank released its twice-annual Global Economic Prospects report on June 10. The report slashed its annual U.S. growth rate from 2.3% – which it had predicted just six months ago, to just 1.4%. If the prediction is correct, it would […]
Q1 U.S. productivity drops, marking slowdown in growth
Yesterday, the U.S. Bureau of Labor Statistics reported that nonfarm business sector labor productivity decreased 1.5 percent in the first quarter of 2025. Interestingly, output decreased by 0.2 percent, and hours worked increased by 1.3 percent. In other words, everyday workers are putting in more hours for less productivity. This is the first decline in […]
U.S. manufacturers’ orders plunge in April under Trump Tariffs
Just last week, the White House promoted in an article, “MADE IN THE USA: President Trump’s Vision is Revitalizing American Industry,” how Trump’s policies were ‘working’ to rebuild America’s manufacturing sector. However, new economic data released today from the Commerce Department’s Census Bureau showed that new orders for U.S.-manufactured goods plunged sharply in April. The […]