Consumer Sentiment in U.S. Rises to Pre-Recession High | TigerDroppings.com
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DEANintheYAY
Cal State Fullerton Fan
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Member since Jan 2008
31803 posts

Consumer Sentiment in U.S. Rises to Pre-Recession High

Consumer Sentiment in U.S. Rises to Pre-Recession High

Confidence among U.S. consumers unexpectedly jumped in October to the highest level since before the recession began five years ago, raising the odds that retailers will see sales improve.

The Thomson Reuters/University of Michigan preliminary October consumer sentiment index increased to 83.1, the highest level since September 2007, from 78.3 the prior month. The gauge was projected to fall to 78, according to the median forecast of 71 economists surveyed by Bloomberg News.

Rising stock and property values along with falling joblessness may keep giving Americans a psychological boost, brightening the household-spending outlook during the year-end holidays. Improving confidence may play a role in next month’s election as Republican challenger Mitt Romney tries to make a case for unseating President Barack Obama, a Democrat.




theunknownknight
LSU Fan
Baton Rouge
Member since Sep 2005
30162 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High


gatorrocks
Florida Fan
Lake Mary, FL
Member since Oct 2007
9850 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
Does that include California?


tracytiger
LSU Fan
Baton Rouge
Member since May 2009
3420 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
It's rigged, just like the unemployment number. Oh wait, we forgot that California didn't send in their unemployment report. Sorry!


DEANintheYAY
Cal State Fullerton Fan
LEFT COAST
Member since Jan 2008
31803 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
LoL...according to the California Undemployment person California reported all of its claims.


DEANintheYAY
Cal State Fullerton Fan
LEFT COAST
Member since Jan 2008
31803 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
quote:

It's rigged, just like the unemployment number. Oh wait, we forgot that California didn't send in their unemployment report. Sorry!



Does repeating something enough make it true?


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gatorrocks
Florida Fan
Lake Mary, FL
Member since Oct 2007
9850 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
The obvious explanation is people are excited that Obama will be out of office soon.


RTR America
Alabama Fan
Memphis, TN
Member since Aug 2012
31909 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
Crazy how all these great economic numbers come out a month before the election right after it has started to look like Obama is going to lose


Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
7846 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
Perhaps as we get closer to replacing Obama we are getting more optimistic about the economy/future.


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davesdawgs
Georgia Fan
Georgia - Class of '75
Member since Oct 2008
20307 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
quote:

Does that include California?


BTW, it's probably rising because they see a Romney/Ryan victory is inevitable.


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baytiger
Valparaiso Fan
Boston
Member since Dec 2007
44522 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
that looks delicious


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CarrolltonTiger
LSU Fan
New Orleans
Member since Aug 2005
46812 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
People sense a Romney victory and believe the malaise is soon to be over, they are expressing that with consumer confidence.


DEANintheYAY
Cal State Fullerton Fan
LEFT COAST
Member since Jan 2008
31803 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
Yes of course it is all about the Romney victory...


Just like Romney said that once he wins the markets will rise, banks will start to loan, and jobs will be created...all without him doing anything....boom 12 million jobs.


EZE Tiger Fan
Member since Jul 2004
24731 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
quote:

Just like Romney said that once he wins the markets will rise, banks will start to loan, and jobs will be created...all without him doing anything....boom 12 million jobs.


Just like when Obama got elected Gitmo would close, the debt would be cut in half, everyone would have affordable healthcare, and the sea levels would lower?

How fricking stupid do you have to be, really?


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tracytiger
LSU Fan
Baton Rouge
Member since May 2009
3420 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
Cash will start to flow again when Romney is elected!


RTR America
Alabama Fan
Memphis, TN
Member since Aug 2012
31909 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
We will have a damn baby boom if Romney is elected


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gatorrocks
Florida Fan
Lake Mary, FL
Member since Oct 2007
9850 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
Yes. People WILL start hiring again when Obama is defeated. I PERSONALLY know three business owners who are waiting to hire right now.


tracytiger
LSU Fan
Baton Rouge
Member since May 2009
3420 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
"It is likely that some of the jobless claims in one large state -- California -- were not included in the claims reported to the Department of Labor this week.  This happens occasionally, our source says. When a state's jobless claims bureau is short-staffed, sometimes the state does not process all of the claims that came in during the week in time to get them to the DOL. The source believes that this is what happened this week."

"See, we didn't exclude anything. They just didn't get us the data." 

So they're playing semantics. 

"Oh, wait a minute, we resent this accusation that we excluded a state." 

"Well, then what happened?" 

"Well, California just didn't get the data to us."

"Oh!  So you didn't exclude it, you just didn't have it. And yet you put the number out anyway?" 

"Yeah.  They'll report next week, and then we'll fix this later." 


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DEANintheYAY
Cal State Fullerton Fan
LEFT COAST
Member since Jan 2008
31803 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
Well, THEY are the problem.


Y.A. Tittle
Winthrop Fan
Member since Sep 2003
51844 posts

re: Consumer Sentiment in U.S. Rises to Pre-Recession High
quote:

Yes of course it is all about the Romney victory...


So, your educated hypothesis on what it's "about" is?


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