from Hacker News

Consumer sentiment slides to second-lowest on record

by harambae on 5/16/25, 4:22 PM with 9 comments

• by jmclnx on 5/16/25, 4:29 PM

  No surprise here, people are seeing massive layoffs in the US Gov and Private Industries. So the will start pulling back even if working.

  Tariff Inflation really have not hit yet, but when that happens it will be a "record" drop.

• by ZeroConcerns on 5/16/25, 4:51 PM

  > Tariffs were spontaneously mentioned by nearly three-quarters of consumers, up from almost 60% in April

  Well, given the wall-to-wall coverage of these things, that's not surprising. But: were these consumers subsequently asked how good they felt about tariffs eliminating their income taxes? If not, I'm sure the offending pollster-and/or-media-outlet will be prosecuted for encouraging wrongthink shortly...

• by duxup on 5/16/25, 5:04 PM

  I wonder with all the volatility and the traditional GOP sky is falling rhetoric ... how does consumer confidence do?

• by jqpabc123 on 5/16/25, 4:46 PM

  Isolation is for idiots. It is simply not a tenable approach to the modern world.

  Trump has already proved it by reducing his "Liberation Day" tariffs from 145 to 30 percent.

  What did China concede to make this happen? Absolutely nothing. They simply waited for some measure of sanity to prevail.

  Absolutely nothing has been accomplished except higher taxes (tariff=tax) on American consumers. Otherwise, it was all just an exercise for Trump to wank his ego.