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View Full Version : Economics Consumer confidence hits a 5 year high.


Direckshun
10-12-2012, 09:10 AM
I'd say we're getting there.

Finally.

http://www.cnbc.com/id/49388260

Consumer Sentiment Rises Unexpectedly to 5-Year High
By: Reuters
Published: Friday, 12 Oct 2012 | 10:03 AM ET

U.S. consumer sentiment unexpectedly rose to its highest level in five years in October as consumers became more optimistic about the overall economy in a possible boost to President Obama's reelection hopes next month.

The Thomson Reuters/University of Michigan's preliminary October reading on the overall index on consumer sentiment came in at 83.1, up from 78.3 the month before, and the highest since September 2007, the survey showed on Friday.

It was well above the median forecast for a slight decline to 78 among economists polled by Reuters.

The new buoyancy among consumers comes shortly after the U.S. unemployment rate tumbled to its lowest level in nearly four years in September as more people returned to the workforce and found jobs than economist had predicted.

"We are getting some quite interesting signals from consumer sentiment and employment data both (the) unemployment rate and initial claims that there has been some quite significant improvement in the economy," said David Sloan, an economist at 4Cast in New York.

U.S. stocks were higher after the news. The S&P 500 [.SPX 1434.59 1.75 (+0.12%) ] climbed 0.2 percent in morning trade but pared some of its earlier gains as equities struggled to make headway after recently climbing to highs not seen in five years. Meanwhile, U.S. Treasury debt prices trimmed their gains. (Read more: Biggest Debtor Nations)

The unexpected jump in consumer sentiment in October came as consumers felt better about the economy in both the long and the short term, the compilers of the Thomson Reuters/University of Michigan survey said.

"What changed was how they (consumers) evaluated economic conditions," survey director Richard Curtin said in a statement. "Economic conditions during the year ahead were expected to be 'good' by more consumers, and more consumers expected 'good' economic times over the next five years."

The survey's gauge of consumer expectations jumped to 79.5 from 73.5, well above an expected reading of 74. Expectations were at their highest since July 2007.

The survey's barometer of current economic conditions rose to 88.6 from 85.7 and was above a forecast of 86.

A separate report showed U.S. producer prices rose more than expected in September as the cost of gasoline surged, but underlying inflation pressures were muted in a sign the Federal Reserve has room to carry out its new monetary stimulus program.

The Labor Department said on Friday its seasonally adjusted Producer Price Index increased 1.1 percent last month. Economists polled by Reuters had expected prices at farms, factories and refineries to rise 0.7 percent after climbing 1.7 percent in August.

stevieray
10-12-2012, 09:14 AM
how many of these types of articles have you posted over the last couple of years? the fact that you keep trotting them out disproves your rah!rah! BS

ROYC75
10-12-2012, 09:37 AM
Forward !


At a snail's pace! That's your Hope & Change in action folks.

mlyonsd
10-12-2012, 09:38 AM
The boost comes from the possibility the four year debacle might be coming to an end.

BigCatDaddy
10-12-2012, 09:38 AM
The boost comes from the possibility the four year debacle might be coming to an end.

That was my thinking. It was probably taken after the 1st debate.

Saul Good
10-12-2012, 09:39 AM
I know I'm starting to feel a little more confident.

CoMoChief
10-12-2012, 09:51 AM
You're a F*ck.

Bump
10-12-2012, 10:00 AM
You're a F*ck.

http://i1106.photobucket.com/albums/h361/Bump4/MizzouPitHair.jpg

Direckshun
10-12-2012, 10:09 AM
The boost comes from the possibility the four year debacle might be coming to an end.

This is the point where I'd ask you if you'd be willing to bet that consumer confidence doesn't drop after November 6.

But you'd either puss out, or only agree to bets where you'd have to admit you're wrong in private.

But if you want to put your money where your mouth is on this, I'm 100% game.

ChiefaRoo
10-12-2012, 10:11 AM
Thank goodness everyone is so confident. I'm glad the economic crisis is over and we can all carry on.

Today will be a great day. I'll fill my car up for $1.85/Gallon, head over to the store and pick up some Prime Steaks for the Grill at $9.00/lb and then drive over to my friends house who was stressing last week about his job security and the fact that his house was underwater by $75,000.

Donger
10-12-2012, 10:14 AM
The boost comes from the possibility the four year debacle might be coming to an end.

Yep. Light at the end of the dark tunnel.

patteeu
10-12-2012, 10:16 AM
This is the point where I'd ask you if you'd be willing to bet that consumer confidence doesn't drop after November 6.

But you'd either puss out, or only agree to bets where you'd have to admit you're wrong in private.

But if you want to put your money where your mouth is on this, I'm 100% game.

You won't be here after November 6, unless Chiefshrink shows you some mercy.

mlyonsd
10-12-2012, 10:25 AM
This is the point where I'd ask you if you'd be willing to bet that consumer confidence doesn't drop after November 6.

But you'd either puss out, or only agree to bets where you'd have to admit you're wrong in private.

But if you want to put your money where your mouth is on this, I'm 100% game.

Puss out in private? WTF does that mean?

And why would I make your bet when there's still a 50% chance Obama is going to win?

J Diddy
10-12-2012, 10:27 AM
You won't be here after November 6, unless Chiefshrink shows you some mercy.

Ah, patteeu, still holding tight to your delusions as if they were your teddy bear.

cosmo20002
10-12-2012, 11:18 AM
I'd say we're getting there.

Finally.

http://www.cnbc.com/id/49388260

Consumer Sentiment Rises Unexpectedly to 5-Year High
By: Reuters
Published: Friday, 12 Oct 2012 | 10:03 AM ET



Consumer Sentiment index - rigged
Unemployment index - rigged
All pre-debate polls - rigged
Post-debate pools - Those seem ok
/right wing nutjob

ROYC75
10-12-2012, 11:19 AM
No confidence here, my business is down 50% when it should be booming. Reason, nobody is really hiring at a time when all of this confidence and jobs the Obama administration is chirping about.

Wonder if this has anything to do with it ?
http://www.cnbc.com/id/49372827/

J Diddy
10-12-2012, 12:10 PM
No confidence here, my business is down 50% when it should be booming. Reason, nobody is really hiring at a time when all of this confidence and jobs the Obama administration is chirping about.

Wonder if this has anything to do with it ?
http://www.cnbc.com/id/49372827/

Or maybe you just aren't doing a good enough job.

Where's this personal responsibility I keep hearing Romney talking about?

It'll be alright Roy. If Obama can save the auto industry, he can help you too. Just get a hold of Representative Ryan to submit a request for you.

HonestChieffan
10-12-2012, 12:27 PM
Confidence rising in hopes Romney will win.

J Diddy
10-12-2012, 12:30 PM
Confidence rising in hopes Romney will win.

The only thing rising with anticipation of a Romney victory is the hopes and peckers of gazillionaires and rwnj's.

Dallas Chief
10-12-2012, 03:21 PM
Or maybe you just aren't doing a good enough job.

Where's this personal responsibility I keep hearing Romney talking about?

It'll be alright Roy. If Obama can save the auto industry, he can help you too. Just get a hold of Representative Ryan to submit a request for you.

That's awesome coming from the 38 Year Old Freshman! Hey that sounds like a movie title. I wonder if Steve Carrell is available???

J Diddy
10-12-2012, 03:29 PM
That's awesome coming from the 38 Year Old Freshman! Hey that sounds like a movie title. I wonder if Steve Carrell is available???

Lol, really? First, I'm not a freshman. Second, I didn't like the direction my career choice was taking me after working for 20 years so I changed it. I took personal responsibility for my actions and chose to change the path.

I'm not really sure where the chuckles are coming from.

LiveSteam
10-12-2012, 03:49 PM
Lol, really? First, I'm not a freshman. Second, I didn't like the direction my career choice was taking me after working for 20 years so I changed it. I took personal responsibility for my actions and chose to change the path.

I'm not really sure where the chuckles are coming from.

Biden

Dallas Chief
10-12-2012, 04:05 PM
Lol, really? First, I'm not a freshman. Second, I didn't like the direction my career choice was taking me after working for 20 years so I changed it. I took personal responsibility for my actions and chose to change the path.

I'm not really sure where the chuckles are coming from.

Maybe you just weren't doing a good enough job.

J Diddy
10-12-2012, 04:11 PM
Maybe you just weren't doing a good enough job.

That makes no sense. I walked away from a job that I was doing well at to pursue another course that would make me and my family happier. How does that response even make sense in that pea sized noodle between your ears?

Did you come by your stupidity innately or was it acquired over time?

KC Dan
10-12-2012, 04:15 PM
Lol, really? First, I'm not a freshman. Second, I didn't like the direction my career choice was taking me after working for 20 years so I changed it. I took personal responsibility for my actions and chose to change the path.

I'm not really sure where the chuckles are coming from.
Very nice! Great for you!!! Wish those sitting at home, collecting gov't welfare and not getting training/job would do the same. Maybe then, 15% of Americans wouldn't be living in poverty

BigRedChief
10-12-2012, 04:23 PM
That's awesome coming from the 38 Year Old Freshman! Hey that sounds like a movie title. I wonder if Steve Carrell is available???Why the ridicule and trash talking? If someone is trying to better their lot in life and improve their lives for their families by going back to school to learn, that seems like a positive approach to life. Maybe I'm off base here, but I dont think so.

BigRedChief
10-12-2012, 04:24 PM
Very nice! Great for you!!! Wish those sitting at home, collecting gov't welfare and not getting training/job would do the same. Maybe then, 15% of Americans wouldn't be living in povertyThose lazy SOB's need to get off the government tit. There should have an expiration date on getting to live on the government dole. This really pisses me off.

Hand up, not hand outs.

Dallas Chief
10-12-2012, 04:41 PM
Why the ridicule and trash talking? If someone is trying to better their lot in life and improve their lives for their families by going back to school to learn, that seems like a positive approach to life. Maybe I'm off base here, but I dont think so.

See post #17. Also are we not allowed to talk trash in here anymore? Honestly, Diddy and I would probably be good dranking buddies IRL. Doesn't mean I don't like giving him the red ass on here, or you for that matter. LMAO

vailpass
10-12-2012, 05:12 PM
Maybe you just weren't doing a good enough job.

LMAO

Dallas Chief
10-12-2012, 05:18 PM
That makes no sense. I walked away from a job that I was doing well at to pursue another course that would make me and my family happier. How does that response even make sense in that pea sized noodle between your ears?

Did you come by your stupidity innately or was it acquired over time?

I know it doesn't make sense, that's why I repeated exactly what you said to Roy. You deserved a little bit of a cock slap. Now take it like a man, pledge!

As far as being stupid, I'm not the one in college 20 years after the fact here, now am I? Had to learn a little bit more before you could take that on did ya? Wasn't quite ready for the big boy school??? Then Pitt State of all places. lofl

KCTitus
10-12-2012, 05:20 PM
I'd say we're getting there.

Finally.

I agree...rare to agree with Direckshun, but I do. It does appear that the kids in Washington will be voted out and adults will take over and get serious about our problems. I have been holding back on purchasing many things..primarily a new car, or two, and I will by purchasing if Obama is voted out. If not, I'll be buying ammo, a couple more guns, silver and some MRE's.

Either way, Im going to be buying something.

Dallas Chief
10-12-2012, 05:23 PM
I agree...rare to agree with Direckshun, but I do. It does appear that the kids in Washington will be voted out and adults will take over and get serious about our problems. I have been holding back on purchasing many things..primarily a new car, or two, and I will by purchasing if Obama is voted out. If not, I'll be buying ammo, a couple more guns, silver and some MRE's.

Either way, Im going to be buying something.

Blaze of Glory. I like it! :thumb:

KCTitus
10-12-2012, 05:29 PM
Blaze of Glory. I like it! :thumb:

Truth be told, I have already started...Im getting in on the ammo while prices are 'cheap' prior to the election. If it's not needed, Ive got a lot for target practice, but 600 rounds last week to add to my existing stash is fine. Im over 1000 in 9mm, and about 800 in .40...and 400 12 gauge.

If anything, it's good for barter when the economy crashes. Ive got food and water purification set up. If Obama's elected, we dont survive 2016.

Dallas Chief
10-12-2012, 05:34 PM
Truth be told, I have already started...Im getting in on the ammo while prices are 'cheap' prior to the election. If it's not needed, Ive got a lot for target practice, but 600 rounds last week to add to my existing stash is fine. Im over 1000 in 9mm, and about 800 in .40...and 400 12 gauge.

If anything, it's good for barter when the economy crashes. Ive got food and water purification set up. If Obama's elected, we dont survive 2016.

I'm not quite at the level you are but have bought and kept up my stash of .223, .45, and 9mm, to the point where I have no place else to put it. Let's hope your 2016 prediction doesn't come to pass. Even when O gets reelected I won't worry about the country making it through four more years. I just don't believe he will be given enough leash to do what he really wants.

KCTitus
10-12-2012, 05:39 PM
I'm not quite at the level you are but have bought and kept up my stash of .223, .45, and 9mm, to the point where I have no place else to put it. Let's hope your 2016 prediction doesn't come to pass. Even when O gets reelected I won't worry about the country making it through four more years. I just don't believe he will be given enough leash to do what he really wants.

I hope it doesnt either, but the fed cannot keep printing money and buying our federal debt. At some point the treasury auction will fail and then we'll see hyperinflation like never before. Doomsday scenario means that the dollar no longer becomes a worthwhile currency and society breaks down. I dont want it to happen, but it's the path we're on.

Im probably going to buy/build an AR, and Im looking to get .223 as well. I have 4 close friends that have built up as well and we'll all get together should the SHTF. Im bursting at the seams and Im stashing ammo everywhere at this point.

I do worry about the country...I worry about panic, and I only want to protect my family and friends. In the worst case, I'd only defend my family...if that means killing, so be it.

Gary
10-12-2012, 05:40 PM
You're all way way off here...we won't make it out of this December 21st.

Dallas Chief
10-12-2012, 05:43 PM
I hope it doesnt either, but the fed cannot keep printing money and buying our federal debt. At some point the treasury auction will fail and then we'll see hyperinflation like never before. Doomsday scenario means that the dollar no longer becomes a worthwhile currency and society breaks down. I dont want it to happen, but it's the path we're on.

Im probably going to buy/build an AR, and Im looking to get .223 as well. I have 4 close friends that have built up as well and we'll all get together should the SHTF. Im bursting at the seams and Im stashing ammo everywhere at this point.

I do worry about the country...I worry about panic, and I only want to protect my family and friends. In the worst case, I'd only defend my family...if that means killing, so be it.


I hear ya. Godspeed brother.

Dallas Chief
10-12-2012, 05:44 PM
You're all way way off here...we won't make it out of this December 21st.

Hey Bo Peep! Let's not get Titus any more riled up. Please and thank you.:p

KCTitus
10-12-2012, 06:06 PM
You're all way way off here...we won't make it out of this December 21st.

Heh...yeah, I forgot!

J Diddy
10-12-2012, 06:36 PM
I know it doesn't make sense, that's why I repeated exactly what you said to Roy. You deserved a little bit of a cock slap. Now take it like a man, pledge!

As far as being stupid, I'm not the one in college 20 years after the fact here, now am I? Had to learn a little bit more before you could take that on did ya? Wasn't quite ready for the big boy school??? Then Pitt State of all places. lofl

I hate to break it to you, but when I said it, it did make sense. That being said I kind of regret it, especially if he's having a hardship. For that I apologize--to him.

To you, however, you're not very bright. You know nothing of my situation but choose to speculate. Simple bit of advice from ol honest Abe: "Better to be silent and thought of as a fool then to speak out and remove all doubt."
Pitt State is a fine school and one I can afford, grad school will be a different story.

stonedstooge
10-12-2012, 06:54 PM
I hate to break it to you, but when I said it, it did make sense. That being said I kind of regret it, especially if he's having a hardship. For that I apologize--to him.

To you, however, you're not very bright. You know nothing of my situation but choose to speculate. Simple bit of advice from ol honest Abe: "Better to be silent and thought of as a fool then to speak out and remove all doubt."
Pitt State is a fine school and one I can afford, grad school will be a different story.

Is the government covering any of your expenses going back to school? Not trying to be a smartass, but with the huge influx of money from the goverment, I'm sure all kinds of new programs started up. And I don't really have a problem with it if certain criteria are met. Hell I probably would have never went to college if my old man wasn't teaching there and it was basically free.

My ex-brother-in-law went back at an age a little older than you and got his Masters Degree after starting his position with a 2 year technical degree. Had a ton of respect for him as he was still working full-time, but he was fortunate enough to have his company pay his way. Not sure how he did it with a wife and 2 young kids. I had a hard enough time just working full-time and going to school in my late teens and early twenties for my BA

J Diddy
10-12-2012, 07:13 PM
Is the government covering any of your expenses going back to school? Not trying to be a smartass, but with the huge influx of money from the goverment, I'm sure all kinds of new programs started up. And I don't really have a problem with it if certain criteria are met. Hell I probably would have never went to college if my old man wasn't teaching there and it was basically free.

My ex-brother-in-law went back at an age a little older than you and got his Masters Degree after starting his position with a 2 year technical degree. Had a ton of respect for him as he was still working full-time, but he was fortunate enough to have his company pay his way. Not sure how he did it with a wife and 2 young kids. I had a hard enough time just working full-time and going to school in my late teens and early twenties for my BA

Yes, I get grants and student loans and work part time. All the mean while having sole custody of my son and not getting crap from help from his momma. I grind it out.

stonedstooge
10-12-2012, 07:26 PM
Yes, I get grants and student loans and work part time. All the mean while having sole custody of my son and not getting crap from help from his momma. I grind it out.

Good for you. You have my respect for trying to better yourself. Hope it all works out for you

Saul Good
10-12-2012, 07:27 PM
Yes, I get grants and student loans and work part time. All the mean while having sole custody of my son and not getting crap from help from his momma. I grind it out.

Keep fighting the good fight. Good luck to you.

J Diddy
10-12-2012, 07:34 PM
Keep fighting the good fight. Good luck to you.

Good for you. You have my respect for trying to better yourself. Hope it all works out for you

Thanks guys

Dallas Chief
10-12-2012, 10:28 PM
Yes, I get grants and student loans and work part time. All the mean while having sole custody of my son and not getting crap from help from his momma. I grind it out.

So you really aren't a 20-something Messican? J Diddy lied...DC cried.

If true, congrats, if not you should be ashamed of yourself.

Dallas Chief
10-12-2012, 10:29 PM
I hate to break it to you, but when I said it, it did make sense. That being said I kind of regret it, especially if he's having a hardship. For that I apologize--to him.

To you, however, you're not very bright. You know nothing of my situation but choose to speculate. Simple bit of advice from ol honest Abe: "Better to be silent and thought of as a fool then to speak out and remove all doubt."
Pitt State is a fine school and one I can afford, grad school will be a different story.

I can has the internets too...

http://www.brainyquote.com/quotes/authors/a/abraham_lincoln.html

J Diddy
10-12-2012, 10:51 PM
I can has the internets too...

http://www.brainyquote.com/quotes/authors/a/abraham_lincoln.html

LMAO

Yep, abe was right.

Comrade Crapski
10-15-2012, 11:22 PM
I'd say we're getting there.



Hitler. Bunker.

Yeah, you're there.

Direckshun
10-15-2012, 11:24 PM
Puss out in private? WTF does that mean?

And why would I make your bet when there's still a 50% chance Obama is going to win?

You made a claim that you believe is going to happen.

If Obama wins, consumer confidence will plummet.

Correct, or incorrect?

How certain are you?

If you are relatively certain, make a bet with me that doesn't involve admitting you were wrong in private.

Direckshun
10-15-2012, 11:24 PM
I agree...rare to agree with Direckshun, but I do. It does appear that the kids in Washington will be voted out and adults will take over and get serious about our problems. I have been holding back on purchasing many things..primarily a new car, or two, and I will by purchasing if Obama is voted out. If not, I'll be buying ammo, a couple more guns, silver and some MRE's.

Either way, Im going to be buying something.

Heh.

Whatever floats your elegant boat.

Direckshun
10-15-2012, 11:25 PM
If Obama's elected, we dont survive 2016.

Gold.

Direckshun
10-15-2012, 11:25 PM
I hope it doesnt either, but the fed cannot keep printing money and buying our federal debt. At some point the treasury auction will fail and then we'll see hyperinflation like never before. Doomsday scenario means that the dollar no longer becomes a worthwhile currency and society breaks down. I dont want it to happen, but it's the path we're on.

Im probably going to buy/build an AR, and Im looking to get .223 as well. I have 4 close friends that have built up as well and we'll all get together should the SHTF. Im bursting at the seams and Im stashing ammo everywhere at this point.

I do worry about the country...I worry about panic, and I only want to protect my family and friends. In the worst case, I'd only defend my family...if that means killing, so be it.

You are adorable.

Comrade Crapski
10-15-2012, 11:40 PM
<iframe width="560" height="315" src="http://www.youtube.com/embed/UnX7TNFIELg" frameborder="0" allowfullscreen></iframe>

http://www.youtube.com/watch?v=UnX7TNFIELg

Comrade Crapski
10-26-2012, 08:48 AM
I'd say we're getting there.



Sure we are, Mister Slave. Sure we are.

http://finance.yahoo.com/news/firings-reach-highest-since-2010-230641726.html?l=1