Is there any number that isnt fudged? Consumer Sentiment highest since 2007 | TigerDroppings.com
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CptBengal
USA Fan
BR Baby
Member since Dec 2007
44195 posts

Is there any number that isnt fudged? Consumer Sentiment highest since 2007

quote:

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.


Good thing all Obama's plans started working the month before the election.


WaveHog
Arkansas Fan
Austin, TX
Member since May 2008
5258 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007
is there any positive economic number the right wing won't claim is fudged?


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DEANintheYAY
Cal State Fullerton Fan
LEFT COAST
Member since Jan 2008
31805 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007
Just posted the same thing. And OF COURSE you would say that the numbers are fudged.


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Tigah in the ATL
LSU Fan
Atlanta
Member since Feb 2005
26083 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007
I'm sure you can find a CEO to go on the news & say the same thing, with the same amount of actual data you have.


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getback
LSU Fan
Member since Dec 2011
2199 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007


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LSURussian
LSU Fan
Member since Feb 2005
85147 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007
My first thought is if the consumer confidence survey was taken after the Obama debate fiasco and subsequent polling data, it is possible people became more confident when they realized Romney has a real good chance of kicking the incumbent out of the White House.


ottothewise
LSU Fan
Member since Sep 2008
32094 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007
quote:

since September 2007


THEN: mired in the fake Bush43-WMD war & bin Laudin still mailing in videos.


NOW: out of Iraq, and bin Laudin and his top aides are history.

and the market recovered from its Bush43 low.








Holden Caulfield
LSU Fan
Hanging with J.D.
Member since May 2008
7260 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007
Its odd that obama is experiencing the most successful days of his presidency in October 2012.


OldSouth
LSU Fan
Folsom, LA
Member since Oct 2011
8361 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007
Did anyone NOT expect this to happen right before the election?


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DEANintheYAY
Cal State Fullerton Fan
LEFT COAST
Member since Jan 2008
31805 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007
quote:

My first thought is if the consumer confidence survey was taken after the Obama debate fiasco and subsequent polling data, it is possible people became more confident when they realized Romney has a real good chance of kicking the incumbent out of the White House.



Methodology of the MCSI
quote:

The Index of Consumer Sentiment (ICS) is based on the monthly telephone survey of the US household data. The Index is aggregated from five questions on the following topics: i) personal financial situation now and a year ago, ii) personal financial situation one year from now, iii) overall financial condition of the business for the next twelve months, iv) overall financial condition of the business for the next five years, v) current attitude toward buying major household items. The ICS is calculated from computing the “relative scores” for each of the five index questions: the percent giving favorable replies minus the percent giving unfavorable replies, plus 100. Each relative score is then rounded to the nearest whole number. All five relative scores are then summed and the sum is divided by 6.7558 (the 1966 base period) and the result is added 2 (a constant to correct for sample design changes from the 1950s). ICC is calculated by dividing the sum of the rounded “relative scores” of the questions one and five by 2.6424 and adding 2. ICE is calculated by dividing the sum of the rounded “relative scores” of the questions two, three, and four by 4.1134 and adding 2.


Possible, but unlikely. That assumes that an average person actually makes that connection.


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LSURussian
LSU Fan
Member since Feb 2005
85147 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007
quote:

bin Laudin
quote:

bin Laudin

Who the frick is "bin Laudin"??

For Pete's sake, otto, have your housemate edit your posts. We need an interpreter to figure out what you're posting.


DEANintheYAY
Cal State Fullerton Fan
LEFT COAST
Member since Jan 2008
31805 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007
quote:

For Pete's sake, otto, have your housemate edit your posts. We need an interpreter to figure out what you're posting.



Something we can agree on Russian.


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buddhavista
Member since Jul 2012
3543 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007
quote:

Is there any number that isnt fudged?

not sure if its fudged or not.

My read is that the economy seems to be doing better. Not doing great but better than much of last year.

what I can tell you is businesses are spending on software but I am not sure that is an accurate bellweather of the overall economy.


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Archie Bengal Bunker
Florida State Fan
Member since Jun 2008
15517 posts

re: Is there any number that isnt fudged? Consumer Sentiment highest since 2007
quote:

Consumer Sentiment


My most weighted factor when picking a candidate. It is the one thing that truly speaks to the economy, and also, the one thing the president has direct control over.


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