Newly released polling data shows the majority of Americans are not optimistic about the economy.
Rasmussen Reports released the survey, which found that 21% say a depression is very likely.
“With the stock market tumbling, a majority of Americans think it’s likely there’s an economic depression in the future,” the group wrote. “The latest Rasmussen Reports national telephone and online survey finds that 57% of American Adults believe it’s likely that, over the next few years, the United States will enter a 1930s-like Depression, including 21% who think a depression is Very Likely. Thirty-two percent (32%) don’t think a depression is likely, and another 12% are not sure. These findings haven’t changed much since May, when 55% said a depression was likely in the next few years.”
The survey comes amid gas prices rising again, inflation at the highest level in 40 years, and the Federal Reserve on a streak of rate hikes.
Trish Regan has been talking about a recession for months before most other news outlets.
… #Biden is sending $400 billion in helicopter-money to the most educated Americans.
Something quite wrong.
— Trish Regan (@trish_regan) September 27, 2022
Now she says the Fed is not doing enough.
In 1980, #PaulVolker came in & did the unthinkable; he took rates from ~13% to 20%.
Considering that our current inflation measurements (apples to apples using 1980 metrics) suggest CPI is FAR closer to what we e experienced in 1980,
WHY ISN’T JEROME MOVING MORE AGGRESSIVELY? https://t.co/Nl7kwkmLPa
— Trish Regan (@trish_regan) September 25, 2022
In related news, check out this economic analysis from Trish Regan on her podcast: