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Rebel Capitalist News

Consumer Sentiment Collapses, Markets Skyrocket, Which States Hardest Hit By Tariffs?

Rebel Capitalist News

George Gammon

Thrive, Wealth, Gold, Finance, Macroeconomics, Education, Protect Wealth, Real Estate, Learn, Business, Investing, Government, Economics, How To

4.71K Ratings

🗓️ 17 March 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.If you want to earn a yield on your gold, check out https://www.monetary-metals.com/gammon/   ✅ Come to Rebel Capitalist Live here https://rebelcapitalistlive.com/   ✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro   ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

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0:00.0

Hello, fellow Robo Capitales, hope you're well. Got a lot to talk about. Consumer sentiment

0:04.6

survey, the University of Michigan just came out today, and consumer sentiment plummet right off a cliff.

0:14.0

It was bad last month, but it is really, really bad. And what's really significant is the difference between Democrats and Republicans.

0:23.8

You may say, oh, well, it's just those stupid Democrats and they're worried about the Trump tariffs,

0:29.1

creating inflation, but it's more so across the board now. We'll get that in just a moment.

0:34.1

And the market's way up today, but it's what you'd expect in a potential bear market.

0:39.1

And which states would or likely will be hit hardest by tariffs, or which states might benefit

0:48.7

the most from tariffs, whichever way you want to look at it. We're going to dive into that right now.

0:53.2

So topic right here,

0:55.9

consumer sentiment slumps, slumps. That's an understatement. Consumer sentiment slumps. Okay,

1:03.4

I think they're downplaying it here in this title, which is pretty rare because I would have

1:07.8

thought they really would have gone all out with the title because you can blame it on Trump and now the mainstream media is.

1:15.1

So sentiment slumps in March to lowest since 2022 as Trump tariffs spark more inflation worries.

1:23.1

Yeah, but it's not so much about the inflation worries.

1:26.9

And with this survey, it wasn't so much about Democrats versus Republicans, like I was saying

1:33.1

earlier.

1:34.2

It's really about what's happening in the employment market.

1:37.8

And oddly enough, you know, you got to give credit for credit is due.

1:40.6

This is what Snyder has been talking about, like for the last six months, as far as seeing

1:45.4

weakness in the labor market, although the headline numbers look really, really good. When you

1:50.0

look beneath the surface, it ain't so hot. But key talking points, University of Michigan survey

1:56.5

of consumers for March posted a reading of 57.9.

...

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