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Message
Despite the Trump-permabears U.S. Consumer Confidence Hits 14-Year High
Posted on 3/16/18 at 3:18 pm
Posted on 3/16/18 at 3:18 pm
quote:
U.S. consumers’ confidence hit a fresh 14-year high this month, as lower-income households reported feeling more optimistic about the economy.
The University of Michigan on Friday said the preliminary result of its consumer-sentiment index was 102.0 in March, up from 99.7 in February. That was the highest level since January 2004, and well above the 99.0 economists surveyed by The Wall Street Journal had expected.
WSJ...requires sub to read entire article.
4
Posted on 3/16/18 at 3:19 pm to GumboPot
Why did bush only win by 2 points when patriotism was high and the economy was doing great?
Posted on 3/16/18 at 3:20 pm to GumboPot
the hard data/soft data divergence continues to expand
Posted on 3/16/18 at 3:20 pm to GumboPot
quote:
as lower-income households reported feeling more optimistic about the economy.
So more bodies strewn around on the streets? Sad times we're in
Posted on 3/16/18 at 3:27 pm to HailHailtoMichigan!
quote:
Why did bush only win by 2 points when patriotism was high and the economy was doing great?
People need something to vote for. Anger is a great motivator.
The act of voting is forward looking. It's not what you've done for me in the past that motivates people to get off the couch and go to the polls. It what will you do for me that gets them off the couch.
Voter enthusiasm is either driven by fear or greed and those emotions need to be high on your side in order to win. Being fat and happy as a result from good policy can lead to complacency. That is the danger.
Posted on 3/16/18 at 3:43 pm to GumboPot
That is very good news.
Politically for Trump, sure. But more so for the country in general. Confidence is as good a leading indicator as there is (which isn't saying a ton, I grant you).
Politically for Trump, sure. But more so for the country in general. Confidence is as good a leading indicator as there is (which isn't saying a ton, I grant you).
Posted on 3/16/18 at 4:39 pm to 90proofprofessional
Hahahahaha
“Hard” data meaning that which supports your position, “soft” data meaning that which doesn’t
“Hard” data meaning that which supports your position, “soft” data meaning that which doesn’t
Posted on 3/16/18 at 4:45 pm to gthog61
hard data as in gdp, wage growth, employment growth
soft data as in sentiment polls
melt harder
"hahahahahaha"
soft data as in sentiment polls
melt harder
"hahahahahaha"
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