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Old 10-12-2012, 09:10 AM  
Direckshun Direckshun is offline
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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, 10:28 PM   #46
Dallas Chief Dallas Chief is offline
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Originally Posted by J Diddy View Post
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.
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Old 10-12-2012, 10:29 PM   #47
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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/au...m_lincoln.html
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Old 10-12-2012, 10:51 PM   #48
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Originally Posted by Dallas Chief View Post


Yep, abe was right.
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Old 10-15-2012, 11:22 PM   #49
Comrade Crapski Comrade Crapski is offline
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Originally Posted by Direckshun View Post
I'd say we're getting there.
Hitler. Bunker.

Yeah, you're there.
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Old 10-15-2012, 11:24 PM   #50
Direckshun Direckshun is offline
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Originally Posted by mlyonsd View Post
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.
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Old 10-15-2012, 11:24 PM   #51
Direckshun Direckshun is offline
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Originally Posted by KCTitus View Post
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.
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Old 10-15-2012, 11:25 PM   #52
Direckshun Direckshun is offline
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Originally Posted by KCTitus View Post
If Obama's elected, we dont survive 2016.
Gold.
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Old 10-15-2012, 11:25 PM   #53
Direckshun Direckshun is offline
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Originally Posted by KCTitus View Post
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.
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Old 10-15-2012, 11:40 PM   #54
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Old 10-26-2012, 08:48 AM   #55
Comrade Crapski Comrade Crapski is offline
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I'd say we're getting there.
Sure we are, Mister Slave. Sure we are.

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