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Consumer confidence has biggest monthly decline since August 2021www.cnn.com/2025/02/25/economy/us-consumer-confidence-february
673 sats \ 9 comments \ @k00b 25 Feb econ
The latest evidence comes from The Conference Board’s Consumer Confidence Index for February, released Tuesday morning. The index fell to 98.3, falling for the third-straight month and marking the largest monthly decline since August 2021, as expectations for inflation in the year ahead climbed. That coincides with the trends reflected in the University of Michigan’s consumer survey for February.
Might we finally get the recession we didn't have five years ago?
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50 sats \ 0 replies \ @Aardvark 25 Feb
My wife has a pretty good chance of getting laid off. The job market is shit, tons of federal workers are entering the job market on top of that, and every time we buy groceries the price is higher.
We ain't spending shit.
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42 sats \ 4 replies \ @Undisciplined 25 Feb
*The recession we didn't have, because the definition of recession was changed.
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37 sats \ 3 replies \ @denlillaapan 25 Feb
Nah,nah,nah. Silly when peeps chanted it in the summer or '22; silly now.
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7 sats \ 2 replies \ @Undisciplined 25 Feb
Economic output didn't decline from say March 2020 through the next couple of quarters, compared to the months prior?
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40 sats \ 1 reply \ @denlillaapan 26 Feb
Oh true, and NBER did issue that ruling, so what's are we upset about?
(I thought you were talking about the two-quarters dispute from 2022)
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0 sats \ 0 replies \ @Undisciplined 26 Feb
Just the general idea that there was no recession during Covid.
It's entirely possible that my recollection of when that definition change happened is wrong.
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16 sats \ 0 replies \ @denlillaapan 25 Feb
Yaaahz, I had the scoop here #896417
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14 sats \ 0 replies \ @kepford 25 Feb
Sure feels like it. Feels inevitable to me. Hopefully it is short but if it is it will be brutal.
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0 sats \ 0 replies \ @TNStacker 26 Feb
yes, and worse than it would have been.
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