Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Freedom Bunker
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Dallas Fed Respondents Blast “Poor National Leadership” As Stagflation ‘Erodes Business Confidence’

% of readers think this story is Fact. Add your two cents.


Dallas Fed Respondents Blast “Poor National Leadership” As Stagflation ‘Erodes Business Confidence’

It has been a mixed morning on the macro side… to say the least.

Philly Fed Services jumped into expansion (to two year highs?), Chicago Fed National Activity Index surged, Case-Shiller home prices hit a new record high but appreciation slowed, Conference Board Expectations hovers near decade lows, Richmond Fed Manufacturing tumbled, Dallas Fed Services improved but remains in contraction

But, below the hood of the last one we see some more interesting dynamics evolving as revenues and employment decline while prices re-accelerate

Source: Bloomberg

This is the 25th straight month of contraction (sub-zero) for the Dallas Fed Services index and judging by the respondents’ comments, there is a clear place to point the finger of blame:

Poor national leadership and lack of confidence have eroded the business environment.

  • The Federal Reserve’s recent  announcement of no rate cuts in the near future is concerning regarding the  immediate and lag effect it could  have on the local economy. We have received  direct feedback from many of our clients in various industries, and they are  increasingly concerned. They are freezing hires and spending, with many  reducing spending. The primary reason is the economic stagnation locally and  nationally affecting their businesses.

  • People are adjusting to new economic realities. Few are expecting salary increases and are instead making lifestyle  adjustments to deal with higher living costs. Reality is also setting  in for the apartment owners we serve. They understand rents aren’t going up and  interest rates aren’t coming down. As rate caps expire and loans mature,  lenders are having to adapt as well. Ultimately, a lot of private equity (much  in the form of individual retirement savings put into syndications) is getting  wiped out.

  • We need a rate cut before we will  see any revenue improvement from home sales.

  • As elections draw near, the political environment worsens, creating more uncertainty in our business.

  • We feel inflation and fear of more inflation plus the rise in cost of living are holding consumers back. Hopefully we will adapt to the new realities soon.

Customers are concerned about the election, so they are holding off on large purchases.

  • The lack of building activity is  shutting down the appliance industry.

  • Affordability has become an ever-increasing problem for new car dealers. The price increases of new cars combined with  higher interest rates have put new cars out of reach for more and more people.

  • [Car] inventories continue to swell, and  interest rates remain high. Our grosses are off, and margins continue to  decline. Profits are down 20  percent from the prior year.

  • The economy is slowing. The consumer  is more cautious and more reluctant to purchase at higher prices and payments.

And finally, this seemed to sum up just how business-owners feel in general about the current occupant of The White House:

“Our outlook depends heavily on the presidential  election.”

But, but, but… Bidenomics!!!!???

Tyler Durden Tue, 06/25/2024 – 12:20

Read More…


Source: https://freedombunker.com/2024/06/25/dallas-fed-respondents-blast-poor-national-leadership-as-stagflation-erodes-business-confidence/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Lion’s Mane Mushroom Nootropic

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.


Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.


Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.


Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.


Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.