FILE PHOTO: A shopper is seen wearing a mask while shopping at a Walmart store, in North Brunswick, New Jersey, U.S. July 20, 2020. REUTERS/Eduardo Munoz
The Conference Board said on Tuesday its consumer confidence index dropped to a reading of 92.6 this month from 98.3 in June. Economists polled by Reuters had forecast the index would drop to 94.5 in July. “Large declines were experienced in Michigan, Florida, Texas and California, no doubt a result of the resurgence of COVID-19,” said Lynn Franco, senior director of economic indicators at The Conference Board. “Looking ahead, consumers have grown less optimistic about the short-term outlook for the economy and labor market and remain subdued about their financial prospects.”
Source: Financial Digest (financialdigest.net)
And Wall Street will 🚀 up 20% on the news. Why? Because companies will shed workers to 'become more efficient in the face of current market headwinds'. That will mean greater profits & bigger dividends to shareholders. Main Street rots while Wall Street profits exorbitantly
But Trump claims this is, statistically speaking, the very mostest, bestest, amazingly, phenomenally, unbelievably, truly, remarkably, really, gooderest decline in America’s long, powerful, admirable history of all time admired excellence....
World's confidence on US is also declining thanks to that asshole Trump 🤣
We don’t pay ppl living wages, many were laid off....
Wait until August. Republicans are going to let Americans go hungry and homeless for $$$ for an pet project of Trump's that will help his DC hotel.
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