June 4, 2023

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Feedback |  U.S. consumer confidence has waned

Feedback | U.S. consumer confidence has waned

According to the University of Michigan, consumer confidence in the United States is declining. ‘These are the worst figures in twelve years,’ says macro-economist Keys de Court.

That, too, is understandable, says De Court. “A few years ago, money flowed freely, and the US government poured an incredible amount of money into the economy, and everyone benefited from it. Inflation was low. It is understandable that they are in the dark, “said D’Court.

According to the D-Court, the temporary arrangements used at the time of the corona are now coming to an end. ‘You don’t have to pay for all kinds of stuff. Controls of the epidemic are highly undesirable, but financially it is a very good time.

What is under pressure: Energy prices. This too has all the geopolitical tensions. “The story in Ukraine, Russia and the United States would not make a big difference in energy prices if the energy market had already been very tight.”

About Keys de Court

Economist Keys de Court presents his (own) view of the financial and economic world after 12:00 every day. Ask live on the BNR business or at anytime through bnr.nl/keesdekort, Apple Podcast and Spotify.

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