The Irrational Exuberance Of Consumer Confidence Indexes As Economic Indicators

chart tracking volatility of consumer confidence surveys from November 2018 to April 2019

by Richard Cameron   The Consumer Confidence Board released survey numbers for May, which showed an increase in the index from April’s 129.2 to 134.1.  What are these surveys asking, who is being asked and should anyone rely on them for an indication of the economy’s performance in the near term or beyond? The two main surveys that investors follow are the Consumer Confidence Board – actually conducted by the same people (Nielsen) that estimate TV ratings and the University of Michigan. There are some other surveys that troll these two,…

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U.S. Growers, Ag Industry In Crosshairs Of Trump Trade War

soybean-harvest photo

By Lynda Bryant-Work “As we learned after President Herbert Hoover signed the Smoot-Hawley tariff at the outset of the Great Depression, vibrant international trade is a key component to economic recovery; hindering trade is a recipe for disaster.” Asa Hutchinson   Farmers across the United States expect to lose billions of dollars this year if the Trump trade war with China and other countries continues to escalate. The trade war comes at a tough time for farmers when prices for soybeans and corn have been stubbornly low. A February USDA report…

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Casualties Of Trump’s Trade War Begin To Emerge

Tariffs Ahead graphic

By Lynda Bryant-Work Trade War casualties pile up … “As we learned after President Herbert Hoover signed the Smoot-Hawley tariff at the     outset of the Great Depression, vibrant international trade is a key component to  economic recovery; hindering trade is a recipe for disaster.” -Asa Hutchinson Trump tariff casualties attributable to Donald Trump’s insistence on amping up the trade war he promised his voters, are beginning to surface as the economy bleeds jobs and prices begin rising. Industries that use steel and lumber are being hit with higher costs effecting…

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