<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’]]></title><description><![CDATA[<blockquote>
<p dir="auto">Goldman Sachs identified a potential culprit for sour consumer sentiment readings: A decline in happiness.</p>
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<blockquote>
<p dir="auto">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.</p>
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<p dir="auto">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.</p>
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<p dir="auto">“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.</p>
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<p dir="auto">Its not the escalating COLA? It definitely isn't <a href="https://www.reuters.com/business/energy/record-us-diesel-prices-squeeze-farmers-food-prices-may-rise-2026-09-18/" rel="nofollow ugc">the coming disel crunch</a>. It's just a sour mood?</p>
<p dir="auto">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.</p>
]]></description><link>https://a440.social/topic/18942f47-5acf-4705-8e09-8f79cd29c78f/consumer-sentiment-is-in-the-dumps-despite-a-solid-economy.-goldman-sachs-blames-lower-happiness</link><generator>RSS for Node</generator><lastBuildDate>Wed, 21 Oct 2026 22:05:22 GMT</lastBuildDate><atom:link href="https://a440.social/topic/18942f47-5acf-4705-8e09-8f79cd29c78f.rss" rel="self" type="application/rss+xml"/><pubDate>Sat, 19 Sep 2026 21:13:55 GMT</pubDate><ttl>60</ttl><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 12:05:43 GMT]]></title><description><![CDATA[<p><span><a href="https://lemmy.world/u/Sunflier">@<span>Sunflier</span></a></span> it’s not peoples happiness level, it’s the fact that people are only spending on necessities. Nobody is running out to put $2000 on a credit card for a foldable iPhone.<br />The money isn’t there or quite possibly won’t be there going forward.<br />Folks are embracing a simpler more affordable life either by choice or circumstance.</p><p>Use it up, wear it out, make it do or do without.</p>]]></description><link>https://a440.social/post/https://mastodon.world/users/CatDragon/statuses/117303275893543601</link><guid isPermaLink="true">https://a440.social/post/https://mastodon.world/users/CatDragon/statuses/117303275893543601</guid><dc:creator><![CDATA[catdragon@mastodon.world]]></dc:creator><pubDate>Sun, 20 Sep 2026 12:05:43 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 11:13:01 GMT]]></title><description><![CDATA[<p dir="auto">The economy isn’t just the <s>ponzi</s> stock market.</p>
]]></description><link>https://a440.social/post/https://lemmy.world/comment/25921533</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.world/comment/25921533</guid><dc:creator><![CDATA[anon_8675309@lemmy.world]]></dc:creator><pubDate>Sun, 20 Sep 2026 11:13:01 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 10:58:46 GMT]]></title><description><![CDATA[<p dir="auto">I hate how people always throw this shit onto other people.</p>
<p dir="auto">Yea I'm sure Cletus buying shit at a flea market is what's killing us! It's not Bezos going out for coffee on a 747</p>
<p dir="auto">People need to stop shitting on their neighbours that's exactly what the Epstein class wants.</p>
<p dir="auto">We could all grow our own tomatoes jog to vacation and never turn on the AC and it would do fuck all for climate change.</p>
<p dir="auto">It's the fucking corporations and fucking mega rich that are profiting by raping the planet then dumping the cost into us as if me taking 5 min showers is what the real problem is!</p>
<p dir="auto">Every time you blame the average person trying to survive you absolve assholes like Musk Thiel and the rest of the billionaire pieces of shit.</p>
]]></description><link>https://a440.social/post/https://lemmy.world/comment/25921412</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.world/comment/25921412</guid><dc:creator><![CDATA[madcaesar@lemmy.world]]></dc:creator><pubDate>Sun, 20 Sep 2026 10:58:46 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 10:25:39 GMT]]></title><description><![CDATA[<p dir="auto">(Limited to one (1) large pepperoni pizza, to share)</p>
]]></description><link>https://a440.social/post/https://lemmy.ml/comment/27905839</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.ml/comment/27905839</guid><dc:creator><![CDATA[frenchgeek@lemmy.ml]]></dc:creator><pubDate>Sun, 20 Sep 2026 10:25:39 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 10:17:24 GMT]]></title><description><![CDATA[<p dir="auto">is the cake free?  and what is the cake made of?</p>
]]></description><link>https://a440.social/post/https://lemmy.world/comment/25921082</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.world/comment/25921082</guid><dc:creator><![CDATA[kreskin@lemmy.world]]></dc:creator><pubDate>Sun, 20 Sep 2026 10:17:24 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 08:42:02 GMT]]></title><description><![CDATA[<p dir="auto">As long as they measure "the economy" with stock market highs and faulty job and inflation indicators they will remain "confused" and the people "irrational".</p>
]]></description><link>https://a440.social/post/https://slrpnk.net/comment/24465996</link><guid isPermaLink="true">https://a440.social/post/https://slrpnk.net/comment/24465996</guid><dc:creator><![CDATA[benjirenji@slrpnk.net]]></dc:creator><pubDate>Sun, 20 Sep 2026 08:42:02 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 06:49:32 GMT]]></title><description><![CDATA[<p dir="auto">In other words, the term "the economy" actually means "rich people's yachts".</p>
]]></description><link>https://a440.social/post/https://lemmy.zip/comment/28957078</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.zip/comment/28957078</guid><dc:creator><![CDATA[fodor@lemmy.zip]]></dc:creator><pubDate>Sun, 20 Sep 2026 06:49:32 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 06:39:36 GMT]]></title><description><![CDATA[<h3>Dateline 1860: Slave Sentiment Low Despite Record Plantation Profits — Economists Baffled</h3>
]]></description><link>https://a440.social/post/https://lemmy.zip/comment/28956973</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.zip/comment/28956973</guid><dc:creator><![CDATA[magicshel@lemmy.zip]]></dc:creator><pubDate>Sun, 20 Sep 2026 06:39:36 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 03:14:31 GMT]]></title><description><![CDATA[<p dir="auto">You know what? Pizza party for the whole country.  And you can wear jeans on Friday. You're welcome.</p>
]]></description><link>https://a440.social/post/https://lemmy.world/comment/25917521</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.world/comment/25917521</guid><dc:creator><![CDATA[tipring@lemmy.world]]></dc:creator><pubDate>Sun, 20 Sep 2026 03:14:31 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 02:22:03 GMT]]></title><description><![CDATA[<p dir="auto">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.</p>
<p dir="auto">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.</p>
]]></description><link>https://a440.social/post/https://sh.itjust.works/comment/27513888</link><guid isPermaLink="true">https://a440.social/post/https://sh.itjust.works/comment/27513888</guid><dc:creator><![CDATA[vaultdweller013@sh.itjust.works]]></dc:creator><pubDate>Sun, 20 Sep 2026 02:22:03 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 02:21:31 GMT]]></title><description><![CDATA[<p dir="auto">I visited a flea market today - a big one in my region - for the first time in a very long time. To my horror, it was 50% TEMU trash - all sales final. It was <em>selling</em>. It made me really, really sad. People buying cheap shit online, marking it up, and selling it to their neighbors. Maybe there is some not-garbage in there but a huge portion of it is just going to fail and end up in a landfill in a year... and this is becoming normal for these people. Things just wear out rapidly and get thrown away and they buy a replacement.</p>
<p dir="auto">We're killing each other and destroying ecosystems and the climate... so that we can make... this. We're fucked.</p>
]]></description><link>https://a440.social/post/https://lemmy.world/comment/25917064</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.world/comment/25917064</guid><dc:creator><![CDATA[theparadox@lemmy.world]]></dc:creator><pubDate>Sun, 20 Sep 2026 02:21:31 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 01:54:49 GMT]]></title><description><![CDATA[<p dir="auto">I was not either and looked it up.</p>
<p dir="auto">They're referring to that corridor being one of the largest in terms of supply chain for the rest of the county.</p>
<p dir="auto">A slow down in that supply chain is an indicator of weak retail demand.</p>
<p dir="auto">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.</p>
]]></description><link>https://a440.social/post/https://lemmy.world/comment/25916815</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.world/comment/25916815</guid><dc:creator><![CDATA[runningtowardthevoid@lemmy.world]]></dc:creator><pubDate>Sun, 20 Sep 2026 01:54:49 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 01:30:13 GMT]]></title><description><![CDATA[<p dir="auto">I guess I'm not in the know...what does this mean?</p>
]]></description><link>https://a440.social/post/https://lemmy.world/comment/25916570</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.world/comment/25916570</guid><dc:creator><![CDATA[charlesdarwin@lemmy.world]]></dc:creator><pubDate>Sun, 20 Sep 2026 01:30:13 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 01:17:52 GMT]]></title><description><![CDATA[<blockquote>
<p dir="auto">To be sure, Briggs said inflationary pressures are likely also hurting confidence. But he said “lower happiness” at large can partially explain the continued disconnect between sentiment and other measures of the economy’s performance, <strong>such as gross domestic product growth or stock market performance,</strong> that offer rosier views.</p>
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<p dir="auto">It's almost shocking how out of touch they are. <a href="https://markets.businessinsider.com/news/stocks/stock-market-ownership-wealthiest-americans-one-percent-record-high-economy-2024-1?op=1" rel="nofollow ugc">The wealthiest 10% of Americans own 93% of stocks </a> according to a 2024 article.</p>
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<p dir="auto">Briggs also cited a connection between lower overall happiness readings and decreasing trust in institutions. He found that lower trust in these bodies caused a “disproportionate amount” of the decline in net happiness in recent years.</p>
<p dir="auto">Given the connection to non-economic variables, consumer sentiment readings may not improve even if the economy continues chugging along, Briggs said. As a result, consumer sentiment may become a less useful predictor of economic dynamics, he said.</p>
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<p dir="auto">It's like a parody, or something the onion would write. Economists aren't serious people.</p>
]]></description><link>https://a440.social/post/https://lemmy.ml/comment/27900837</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.ml/comment/27900837</guid><dc:creator><![CDATA[ltxrtquq@lemmy.ml]]></dc:creator><pubDate>Sun, 20 Sep 2026 01:17:52 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 00:59:55 GMT]]></title><description><![CDATA[<p dir="auto">It is correlated, just not to ours.</p>
]]></description><link>https://a440.social/post/https://nord.pub/comment/2837088</link><guid isPermaLink="true">https://a440.social/post/https://nord.pub/comment/2837088</guid><dc:creator><![CDATA[farmgineer@nord.pub]]></dc:creator><pubDate>Sun, 20 Sep 2026 00:59:55 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sun, 20 Sep 2026 00:17:35 GMT]]></title><description><![CDATA[<p dir="auto">I blame Goldman "Ball" Sachs as well. He's part of the problem.</p>
]]></description><link>https://a440.social/post/https://lemmy.world/comment/25915858</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.world/comment/25915858</guid><dc:creator><![CDATA[myyass@lemmy.world]]></dc:creator><pubDate>Sun, 20 Sep 2026 00:17:35 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sat, 19 Sep 2026 23:49:30 GMT]]></title><description><![CDATA[<p dir="auto">Nah, they complain when the poors spend their money on something so frivolous, maybe they should just use a picture of cake instead and eat some rice?</p>
]]></description><link>https://a440.social/post/https://thebrainbin.org/m/politics@lemmy.world/t/1930467/-/comment/12855179</link><guid isPermaLink="true">https://a440.social/post/https://thebrainbin.org/m/politics@lemmy.world/t/1930467/-/comment/12855179</guid><dc:creator><![CDATA[tva@thebrainbin.org]]></dc:creator><pubDate>Sat, 19 Sep 2026 23:49:30 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sat, 19 Sep 2026 23:01:17 GMT]]></title><description><![CDATA[<p dir="auto">Whenever they talk about "the economy", they're talking about the economy <em>for rich people.</em> Not for you.</p>
]]></description><link>https://a440.social/post/https://fedia.io/m/politics@lemmy.world/t/4376840/-/comment/16355892</link><guid isPermaLink="true">https://a440.social/post/https://fedia.io/m/politics@lemmy.world/t/4376840/-/comment/16355892</guid><dc:creator><![CDATA[triumph@fedia.io]]></dc:creator><pubDate>Sat, 19 Sep 2026 23:01:17 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sat, 19 Sep 2026 22:58:12 GMT]]></title><description><![CDATA[<p dir="auto">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.</p>
]]></description><link>https://a440.social/post/https://sh.itjust.works/comment/27511845</link><guid isPermaLink="true">https://a440.social/post/https://sh.itjust.works/comment/27511845</guid><dc:creator><![CDATA[vaultdweller013@sh.itjust.works]]></dc:creator><pubDate>Sat, 19 Sep 2026 22:58:12 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sat, 19 Sep 2026 22:33:45 GMT]]></title><description><![CDATA[<p dir="auto">problems stared long before that shitstain was given the stage</p>
]]></description><link>https://a440.social/post/https://lemmy.ca/comment/25423599</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.ca/comment/25423599</guid><dc:creator><![CDATA[bluegrass_addict@lemmy.ca]]></dc:creator><pubDate>Sat, 19 Sep 2026 22:33:45 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sat, 19 Sep 2026 22:15:48 GMT]]></title><description><![CDATA[<p dir="auto">This from the same financial brain trust that suggested that <a href="https://www.cnbc.com/2018/04/11/goldman-asks-is-curing-patients-a-sustainable-business-model.html" rel="nofollow ugc">curing sick people is bad for business</a>.</p>
]]></description><link>https://a440.social/post/https://lemmy.world/comment/25914593</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.world/comment/25914593</guid><dc:creator><![CDATA[crank0271@lemmy.world]]></dc:creator><pubDate>Sat, 19 Sep 2026 22:15:48 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sat, 19 Sep 2026 22:12:58 GMT]]></title><description><![CDATA[<p dir="auto">Perhaps rich people yacht money isn't indicative of how well the average citizen is doing?</p>
]]></description><link>https://a440.social/post/https://lemmy.blahaj.zone/comment/22243943</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.blahaj.zone/comment/22243943</guid><dc:creator><![CDATA[rockslayer@lemmy.blahaj.zone]]></dc:creator><pubDate>Sat, 19 Sep 2026 22:12:58 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sat, 19 Sep 2026 22:12:52 GMT]]></title><description><![CDATA[<p dir="auto">Let them eat cake.</p>
]]></description><link>https://a440.social/post/https://lemmy.world/comment/25914555</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.world/comment/25914555</guid><dc:creator><![CDATA[darrinbrunner@lemmy.world]]></dc:creator><pubDate>Sat, 19 Sep 2026 22:12:52 GMT</pubDate></item><item><title><![CDATA[Reply to Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ on Sat, 19 Sep 2026 22:11:45 GMT]]></title><description><![CDATA[<p dir="auto">economy built on a solid foundation of serfs.....</p>
]]></description><link>https://a440.social/post/https://lemmy.world/comment/25914541</link><guid isPermaLink="true">https://a440.social/post/https://lemmy.world/comment/25914541</guid><dc:creator><![CDATA[snowclone@lemmy.world]]></dc:creator><pubDate>Sat, 19 Sep 2026 22:11:45 GMT</pubDate></item></channel></rss>