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Old 10-12-2012, 10:10 AM  
Direckshun Direckshun is online now
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Consumer confidence hits a 5 year high.

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.
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Old 10-12-2012, 12:19 PM   #16
ROYC75 ROYC75 is online now
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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/
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Old 10-12-2012, 01:10 PM   #17
J Diddy J Diddy is offline
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Quote:
Originally Posted by ROYC75 View Post
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.
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Old 10-12-2012, 01:27 PM   #18
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Confidence rising in hopes Romney will win.
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Old 10-12-2012, 01:30 PM   #19
J Diddy J Diddy is offline
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Originally Posted by HonestChieffan View Post
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.
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Old 10-12-2012, 04:21 PM   #20
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Quote:
Originally Posted by J Diddy View Post
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???
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Old 10-12-2012, 04:29 PM   #21
J Diddy J Diddy is offline
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Originally Posted by Dallas Chief View Post
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.
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Old 10-12-2012, 04:49 PM   #22
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Originally Posted by J Diddy View Post
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.
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Old 10-12-2012, 05:05 PM   #23
Dallas Chief Dallas Chief is offline
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Quote:
Originally Posted by J Diddy View Post
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.
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Old 10-12-2012, 05:11 PM   #24
J Diddy J Diddy is offline
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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?
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Old 10-12-2012, 05:15 PM   #25
KC Dan KC Dan is offline
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Quote:
Originally Posted by J Diddy View Post
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
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Old 10-12-2012, 05:23 PM   #26
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Originally Posted by Dallas Chief View Post
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.
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Old 10-12-2012, 05:24 PM   #27
BigRedChief BigRedChief is offline
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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
Those 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.
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Old 10-12-2012, 05:41 PM   #28
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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.
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Old 10-12-2012, 06:12 PM   #29
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Maybe you just weren't doing a good enough job.
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Old 10-12-2012, 06:18 PM   #30
Dallas Chief Dallas Chief is offline
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Originally Posted by J Diddy View Post
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
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