US Consumers Rattled

Investment Analysis Clubs Macro Economic Trends and Risks
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https://www.morningstar.com/news/dow-jones/202405107672/us-consumers-are-increasingly-worried-as-inflation-rates-bite-university-of-michigan
U.S. consumer sentiment is plunging against a backdrop of stubbornly high inflation and slowing economic momentum, a survey showed Friday

https://www.reuters.com/markets/us/us-weekly-jobless-claims-increase-more-than-expected-2024-05-09/
US weekly jobless claims highest in more than eight months as labor market eases

https://www.msn.com/en-us/money/realestate/seriously-underwater-mortgages-rise-across-us/ar-BB1mbtOV

Around 1 in 37 homes are now worth much less than their remaining mortgage balance, according to new data released Thursday.

Nationally, the share of “seriously underwater” mortgages — meaning homes with an outstanding loan at least 25% more than the market value — rose from 2.6% to 2.7% in the first quarter, per real estate data firm ATTOM.

hm we’ve been down this path before.

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There are some economists and agencies that consider it a lagging indicator, or one that changes after another related economic variable changes. Other organizations, such as the OECD, consider it to be a leading indicator.