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right now with connell mcshane. the consumer is really feeling it. not in a good way. in a perfect world, americans would have slowly built confidence back post pandemic. there s now the new signs where actually that we re going back in time instead of moving forward. look at this chart. today s reading on consumer confidence, the lowest since february of last year. mostly because people continue to say their present situation, how they are right now, is getting worse, thanks in large part to inflation. too much of a hassle. we have two kids, both work. drive to a different supermarket, go somewhere else or look for savings. we re biting the bullet. everything is more expensive. supplies for him. i spend a lot of money on blackberries and cherries. so i m cutting back on my fancy fruits. for those worried about recession, walmart s profit forecast didn t help. gigantic retailer that is the largest private employer in the country cut its outlook. saying consume ....
We have a recession underway. it s a wage recession. the wages of americans are not keeping up at all with the costs that they re paying at the on every single day that they happen to buy something or try to buy something. neil: also curious, karl, they say for a fall election, it s what things are like in july or august. i wonder if that a plays to mid-terms. in the administration is arguing, the hope has been that the decline in gas prices continues to spills over and the food has not yet, by the way, it will be just in time for the mid-terms. a lot of people s impressions are solidified by how they re feeling and doing kind of like now, right? oh, i agree with you totally. i think it s june and july when this settles in. again, the rhetoric sometimes boomerangs. the administration is out there saying oh, look at it. we ve had 40 days or 45 days ....
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