Hi HODLers, Hiveans and Lions,
The Conference Board Consumer Confidence Index® fell by 7.2 points in March to 92.9
“Consumer confidence declined for a fourth consecutive month in March, falling below the relatively narrow range that had prevailed since 2022,”
The quotes from the Conference Board and insights into the different components are especially negative and pesismistic:
Consumers’ expectations were especially gloomy, with pessimism about future business conditions deepening and confidence about future employment prospects falling to a 12-year low. Meanwhile, consumers’ optimism about future income—which had held up quite strongly in the past few months—largely vanished, suggesting worries about the economy and labor market have started to spread into consumers’
Present Situation and Expectations Index
Interestingly, US Consumer seems fine but is quite worried about its future. What was also interesting was that 55 years old+ were the ones that turned the most pessimistic compared to February. And usually... These are big spenders.
It's hard to tell as "expectations and feelings" are not hard data and some of these indicators could suffer from political bias (Democrats becoming gloomy since Trump took office).
Time will tell but the Stock or Crypto Markets didn't really care about this new set of data.
As long as the job market remains strong, Markets should be fine.
Will job market remain strong though? Time will tell!
Stay safe out there,
Posted Using INLEO
As long as fiat is involved to run an economy, there will always be worries. Still good for the US as the dollar is still strong at least.
It is and should remain the strongest currency in the near future. The main issue and why I believe Bitcoin cannot be used for daily purchases is that the motto of Bitcoin is to stack and keep it to fight currency debasement.
#Bitcoin is extremely deflationary and our economies/societies have been built on inflation to drive investment/consumption/etc...
Stablecoins are rising, this is where I am thinking dollars gaining more strength
From some information read here in Italy it seems that consumer confidence in the United States has suffered a significant decline in March 2025 and seems to be the lowest level since January 2021. This should be the fourth consecutive month of decline. I believe that the US will have a period of adjustment where for a few months things will not be good, but then they will recover. It would be interesting to see in 1 year if the public debt starts to reduce
Thanks for the insight on Italy's situation. I agree that the pain might be only in the short term and I believe US will be better off after this "adjustment".
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