Consumer confidance spikes, hurry cons you have to do something to distroy this trend

[Truthmatters]

Consumer Confidence Spikes in November - TheStreet



"Confidence has bounded back to levels last seen during the summer (July 2011, 59.2)," said Lynn Franco, director of the Conference Board's consumer research center. "Consumers' assessment of current conditions finally improved, after six month of steady declines....Consumers appear to be entering the holiday season in better spirits, though overall readings remain historically weak."



The debt ceiling mess you created killed it last summer, now what will you do to harm the country so you can win an election?

 

[Truthmatters]

If this trend is allowed to follow its natural course without debt ceiling type of disruptions to it for poltical gain then you will lose the next election.


This is do or die time for your party.

Will you put party over country yet again?

 

[Truthmatters]

You guys dont evern want to think about consumer confidence being up huh?

 

[Truthmatters]

what will you do, what will you do?

 

[Sallow]

You guys dont evern want to think about consumer confidence being up huh?

Nah..they ain't going for your trollbait.

Give it time..though.

 

[Truthmatters]

troll bait?

Its a very important economic indicator.

Its the key to recovery.

 

[Dot Com]

They are. They plan on raising taxes on wage earners.

 

[Warrior102]

troll bait?

Its a very important economic indicator.

Its the key to recovery.

Hey stupid - see the unemployment rate lately?
People are "spending" their credit cards.
I realize you're too stupid to comprehend this.

 

[Truthmatters]

all insult and no substance gee what a surprize

 

[Truthmatters]

Ask any CEO and he will tell you at this point in a down economy the consumer confidence number is paramount

 

[Truthmatters]

Consumer Confidence Index - Wikipedia, the free encyclopedia


How it is used

Manufacturers, retailers, banks and the government monitor changes in the CCI in order to factor in the data in their decision-making processes. While index changes of less than 5% are often dismissed as inconsequential, moves of 5% or more often indicate a change in the direction of the economy.
A month-on-month decreasing trend suggests consumers have a negative outlook on their ability to secure and retain good jobs. Thus, manufacturers may expect consumers to avoid retail purchases, particularly large-ticket items that require financing. Manufacturers may pare down inventories to reduce overhead and/or delay investing in new projects and facilities. Likewise, banks can anticipate a decrease in lending activity, mortgage applications and credit card use. When faced with a down-trending index, the government has a variety of options, such as issuing a tax rebate or taking other fiscal or monetary action to stimulate the economy.

Conversely, a rising trend in consumer confidence indicates improvements in consumer buying patterns. Manufacturers can increase production and hiring. Banks can expect increased demand for credit. Builders can prepare for a rise in home construction and government can anticipate improved tax revenues based on the increase in consumer spending

 

[Truthmatters]

56 for the month, up from a 40.9 reading in October


A month to month 15 point increase is huge

 

[PredFan]

Gee, the numbers show that consumer confidence is up during the holiday shopping period?

What a shocker!

 

[The Infidel]

all insult and no substance gee what a surprize

You make it too easy dipshit.... the closer we get to voting the Marxist out.... things are going to look up.

 

[Truthmatters]

Gee, the numbers show that consumer confidence is up during the holiday shopping period?

What a shocker!

now go show the last time there was a one month 15 point jump

 

[Mr Liberty]

Consumer Confidence Spikes in November - TheStreet



"Confidence has bounded back to levels last seen during the summer (July 2011, 59.2)," said Lynn Franco, director of the Conference Board's consumer research center. "Consumers' assessment of current conditions finally improved, after six month of steady declines....Consumers appear to be entering the holiday season in better spirits, though overall readings remain historically weak."



The debt ceiling mess you created killed it last summer, now what will you do to harm the country so you can win an election?

Why is this news significant? Has unemployment dropped? Is the budget balanced? Has the European debt crisis been solved? Has our national debt gone down? What has been fix and who fixed it? You and Chris continually come on here with insignificant data to prove the stimulus worked. You can not prove that this is not a bubble, created by the stimulus. This economy is extremely fragile. Consumer confidence is often high just before a crash. Time will tell.

 

[Truthmatters]

Consumer Confidence Index Graph

if you think this index means nothing then you have no idea what economics is.

 

[Truthmatters]

Consumer Confidence - Why the Consumer Confidence Index is Important to Investors


Value to the Investor
What value to the investor is this information and why should you watch for these numbers?
Consumer spending accounts for roughly two-thirds of our economy. When consumers are reluctant to spend, our economy is affected and when they open their pocket books, the economy moves.

These two indexes will give you an idea of where consumer spending is headed in the future. It is important to note that like most indexes you should look at how they trend over a period of four to six months rather than any month-to-month change.

 

[Truthmatters]

If this trend continues the right is in BIG trouble

 

[Mr Liberty]

Consumer Confidence Index Graph

if you think this index means nothing then you have no idea what economics is.

Everyone doesn't agree with Keynes. Even Keynes warned us about debasing the currency. "By this means government may secretly and unobserved, confiscate the wealth of the people,
and not one man in a million will detect the theft."
Like I said, this index is often up just before a market crash.