{"id":1484059,"date":"2024-08-16T14:12:45","date_gmt":"2024-08-16T18:12:45","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1484059"},"modified":"2024-08-16T14:12:45","modified_gmt":"2024-08-16T18:12:45","slug":"democrats-consumer-confidence-rebounded-post-biden-buying-conditions-crashed","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/democrats-consumer-confidence-rebounded-post-biden-buying-conditions-crashed\/1484059\/","title":{"rendered":"Democrats&#8217; Consumer Confidence Rebounded Post-Biden, Buying Conditions Crashed"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Democrats&#8217; Consumer Confidence Rebounded Post-Biden, Buying Conditions Crashed<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>UMich sentiment survey shows that preliminary August data shows a small rebound in consumer confidence, driven entirely by hope, as Current Conditions tumbled to its lowest since Dec 2022&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm4FA_0.jpg?itok=2rRUaifV\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Inflation expectations were flat in the flash August data.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm8165.jpg?itok=4vgTBcv8\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p><strong>Buying conditions continue to plunge overall<\/strong> with homes and durables at record lows while vehicles ticked up extremely modestly off record lows&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmCC77.jpg?itok=VaoOmHkf\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Finally, August saw confidence rebound for Democrats but tumble further for Republicans as Biden was ousted&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2024-08-16_07-05-49.jpg?itok=5O5qcTpn\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>The survey shows that <strong>41% of consumers believe that Harris is the better candidate for the economy, while 38% chose Trump. <\/strong><\/p>\n<p>In comparison, between May and July, <strong>Trump had a 5 point advantage over Biden<\/strong> on the economy.<\/p>\n<p>Overall, Surveys of Consumers Director Joanne Hsu notes, expectations strengthened for both personal finances and the five-year economic outlook, which reached its highest reading in four months, consistent with the fact that election developments can influence future expectations but are unlikely to alter current assessments.<\/p>\n<p>We wonder how long that exuberance will last?<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Fri, 08\/16\/2024 &#8211; 10:12<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/personal-finance\/democrats-consumer-confidence-rebounded-post-biden-buying-conditions-crashed\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/personal-finance\/democrats-consumer-confidence-rebounded-post-biden-buying-conditions-crashed<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Democrats&#8217; Consumer Confidence Rebounded Post-Biden, Buying Conditions Crashed UMich sentiment survey shows that preliminary August data shows a small rebound in consumer confidence, driven entirely&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1484060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1484059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1484059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1484059"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1484059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1484060"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1484059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1484059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1484059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}