Yes again, US economic growth is falling… Consumer sentiment plummets to near-decade low

People tell me stonks are at record highs..if we’re really booming then why the purchasing power keeps collapsing? Why the crude birth rate is falling apart? Why do the central banks really need to inject trillions of liquidity? The 1% is booming not the economy

— Alessio (@AlessioTMAD) August 27, 2021

Yes again, US economic growth is falling https://t.co/NLN28t5WAk

— Harald Malmgren (@Halsrethink) August 27, 2021

St. Louis Fed leader James Bullard and the Dallas Fed’s Robert Kaplan say higher prices are weighing on those least able to afford them https://t.co/cdfUZvwEVy

— WSJ Central Banks (@WSJCentralBanks) August 27, 2021

U.S. Consumer Sentiment Plummets to Near-Decade Low

U.S. consumer sentiment plunged to its lowest level in nearly a decade in August as consumers’ views of their personal financial prospects continued to worsen due to smaller income gains amid higher inflationary trends, a survey showed on Friday.

And just like that, inflation enters the fray as a real concern to join repairing employment! Financial stability (so-called 3rd mandate) has plummeted in attention by Fed officials. pic.twitter.com/lVK3bPWrs7

— Ben Breitholtz (@benbreitholtz) August 27, 2021