New Data Reveals People Have Given Up on the Economy

Consumer fears over jobs increased yet again in August, as did expectations for a recession. Relatedly, two separate sources confirmed housing prices in the US fell yet again in their latest monthly estimates. Related because the one is causing the other; fears over jobs that aren't strictly fears are reducing demand for homes and a whole lot more. Deep down, even Jay Powell knows it.

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Jay Powell's August 2025 Jackson Hole speech
https://www.federalreserve.gov/newsevents/speech/files/powell20250822.pdf

Conference Board August 2025 consumer confidence 
https://www.conference-board.org/topics/consumer-confidence/

Bloomberg Weak US Housing Outlook Sends Australia’s Reece Tumbling
https://www.bloomberg.com/news/newsletters/2025-08-25/reece-tumbes-lithium-optimism-us-stocks-australia-briefing

https://www.eurodollar.university
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