this post was submitted on 19 Sep 2026
145 points (98.0% liked)

politics

31155 readers
1635 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles. Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to US politics and contain quality and original content. Social Media adjacent hosts like Substack are allowed, but ONLY if they tie back to a company/subsidiary. No personal or friend group blogs and no self-promotion. Articles should be worth reading. Clickbait, stub articles, and re-hosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing other users of being bots or paid actors.
  3. No memes, trolling, misinformation, or low-effort posts/comments (including reposts). If you see posts like this that anger you, do not engage. Report, block, and live a happier life than they do. Any slap-fight is subject to comment removals. Fights full of rule violations will result in temporary bans to cool off.
  4. No manipulating votes via bots or alt accounts; this will result in permanent bans. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in an account ban. Usernames containing racist, or inappropriate slurs will be permanently banned.

We ask that the users report any comment or post that violate the rules and use critical thinking when reading, posting, and commenting. Users that repeatedly have comments or posts removed, weaponize reports, or violate the code of conduct, will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users. The reason(s) behind moderator action(s) are publicly available through the Modlog.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 3 years ago
MODERATORS
 

Goldman Sachs identified a potential culprit for sour consumer sentiment readings: A decline in happiness.

The consumer sentiment index tracked by the University of Michigan hit record lows this year. The index fell 13% year over year in September, due to a drop of almost 8% from August alone.

Economists have widely questioned why sentiment has remained depressed since the Covid pandemic, even as the economy hummed along on paper. Goldman economist Joseph Briggs told clients this week that the downward pressure may stem from broader pessimism in society.

“Low reported economic sentiment likely reflects a more fundamental, downbeat assessment of the state of the world rather than the economy,” Briggs wrote to clients.

Its not the escalating COLA? It definitely isn't the coming disel crunch. It's just a sour mood?

You know what helps me when I am in a bad mood? Comfort food. Maybe this Goldman guy should advise that the government let the people eat cake. That sort of advice has always had a good outcome.

you are viewing a single comment's thread
view the rest of the comments
[–] CharlesDarwin@lemmy.world 63 points 1 day ago (3 children)

Diesel hit record rates and these guys are claiming it's about the vibes?

[–] crank0271@lemmy.world 25 points 1 day ago

This from the same financial brain trust that suggested that curing sick people is bad for business.

[–] vaultdweller013@sh.itjust.works 14 points 1 day ago (1 children)

Not just at record prices but also the LA to Dallas route is slowing down which is for those not in the know real fucken bad.

[–] CharlesDarwin@lemmy.world 13 points 1 day ago (2 children)

I guess I'm not in the know...what does this mean?

As the other guy noted it's basically one of the big routes for the movement of goods within the US also one of the longer ones. If it slows down it's usually a right fucken bad sign and usually is a pretty solid real world economic indicator of how the economy is doing even if it's a tad imprecise. I live right by where the CA 60 merged with the 10 which is a pretty major merger section and it has been getting increasingly sparce.

Basically to put it in other terms it'd be like living on the Adriatic during the late medieval era and watching Venetian ships coming to port less and less. You may not know what's causing it exactly but you know it's not good regardless.

[–] RunningTowardTheVoid@lemmy.world 13 points 1 day ago (1 children)

I was not either and looked it up.

They're referring to that corridor being one of the largest in terms of supply chain for the rest of the county.

A slow down in that supply chain is an indicator of weak retail demand.

I can't quantify anything for you, but it sounds like another indicator that the stock market doesn't actually represent how well 'the economy' is doing.

[–] CharlesDarwin@lemmy.world 4 points 19 hours ago

I've been taking a wait-and-see attitude for a few years, honestly. To me, the stock market looks a lot like tulip-bulb mania. Stocks like Tesla and SpaceX seems absolutely insane to me. It's like everyone is betting on everyone else vibing out on Elon's bullshit, and thinking either they will continue to believe it, or continue to pretend to believe it, pumping up the stock to absurd levels of P/E ratios.

Same goes for virtually everything AI, and so many things are tied to AI now. When that rug pull happens, it's going to fucking hurt.

The sad part is that the very minute the idle rich pull out of speculation on market bubbles, that's when the layoffs roll through just about every company, even companies that are not really involved.

For all their talk about "leadership", just about everyone running companies, even the small ones, just mimic one another. "If companies like Oracle lay off people, well, gosh, why aren't we doing the same?" Someone may counter with "well, sir, we are in no way tied to Oracle or their business model or anything and our financials are just fine", but MBA-brain is usually hard to be reached by actual facts.

[–] TipRing@lemmy.world 5 points 1 day ago (2 children)

You know what? Pizza party for the whole country. And you can wear jeans on Friday. You're welcome.

[–] Frenchgeek@lemmy.ml 2 points 1 day ago

(Limited to one (1) large pepperoni pizza, to share)