Rebel Capitalist News Wow...The New Consumer Confidence Data Changes Everything
8 snips
Jan 29, 2026 They dig into a sharp drop in consumer confidence to an 11-year low. They contrast current conditions with worsening expectations and highlight inflation and grocery pain from written responses. They connect rising homebuyer cancellations and shifting mortgage rates to market reality. They wrestle with conflicting signals between the labor market and GDP.
AI Snips
Chapters
Transcript
Episode notes
Consumer Confidence Has Collapsed
- The Conference Board consumer confidence index plunged to its lowest level in 11 years.
- George Gammon highlights this decline as deeper than the pandemic trough and a major macro signal.
Expectations Are Dropping Faster Than Today
- Present situation readings remain higher than expectations but both are trending down and the gap is closing.
- Gammon warns that persistent trends can last years and pull sentiment toward post-GFC lows if unchanged.
Drop Is Broad, Not Only Political
- The fall in confidence is broad-based across political parties, not just Democrats.
- Gammon shows Republicans and independents also trending down, implying a real economic shift.