If you've been following along, today did not come as a surprise. From American public media,

this is Marketplace. In Los Angeles, I'm Kyle Rizal. It is Monday today. This one is the 10th of March. Good as always to have you along, everybody.

The temptation, of course, on a day like today is to point out that the stock market is not the economy.

And it's not. That said, though, in contrast to those days where the

market swings pretty wildly and the general vibe is, yeah, I don't know, markets just do that

sometimes. Today, we know exactly what's going on. The chaotic trade policy coming from the

White House and the refrain from everybody from the president on down being

yeah there's going to be some discomfort the rubber has finally started to meet the economic road

major indices rolled over nervous traders went hard into bonds which sent yields farther down

and now we are just waiting for the dust to settle. And as we wait, consider this.

The latest survey of consumer expectations from the Federal Reserve Bank of New York

shows that more than a quarter of households are expecting their financial situations

to deteriorate considerably in the coming year.

A growing number expect to be spending more more and they believe it's going to be

increasingly hard to get credit. And fewer say they're likely to quit their jobs voluntarily this

year, in part because they expect unemployment to rise. Marketplace is Samantha Fields gets us going.

In economics, the consumer is not always right. Ben Harris at Brookings says take the last couple of years.

By almost any measure, the economy has been strong.

Unemployment has been historically low.

The stock market's growing.

Economic growth has been continuing.

We would have expected that people's outlook all in all would be relatively positive.

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