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Consumer Confidence Highest Since October 2007

A

Anonymous

Guest
Rasmussen Consumer Index
Consumer Confidence Highest Since October 2007



Saturday, February 16, 2013

The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, gained six points on Saturday to 104.8. That’s the highest level of confidence measured since October 2007. Consumer confidence is up eight points from a week ago, up seven points from a month ago and up 17 points from three months ago.

Forty-four percent (44%) of American adults rate their own finances as good or excellent. That matches the highest level of optimism in more than five years. The last time more people were that upbeat about their finances was May 7, 2007.

This good news sure should bring out the "hate everything trolls" of this site who want to see the country to fail and go into anarchy, revolution, and civil war ... :wink:
 

Mike

Well-known member
The Conference Board Consumer Confidence Index® Declines
29 Jan. 2013

New York, January 29, 2013…The Conference Board Consumer Confidence Index®, which had declined in December, fell further in January. The Index now stands at 58.6 (1985=100), down from 66.7 in December. The Expectations Index declined to 59.5 from 68.1. The Present Situation Index decreased to 57.3 from 64.6 last month.

The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was January 17.

Says Lynn Franco, Director of Economic Indicators at The Conference Board: “Consumer Confidence posted another sharp decline in January, erasing all of the gains made through 2012. Consumers are more pessimistic about the economic outlook and, in particular, their financial situation. The increase in the payroll tax has undoubtedly dampened consumers’ spirits and it may take a while for confidence to rebound and consumers to recover from their initial paycheck shock.”

Consumers’ appraisal of current conditions deteriorated in January. Those claiming business conditions are “good” declined to 16.7 percent from 17.2 percent, while those stating business conditions are “bad” increased to 27.4 percent from 26.3 percent. Consumers’ assessment of the labor market has also grown more negative. Those saying jobs are “plentiful” declined to 8.6 percent from 10.8 percent, while those claiming jobs are “hard to get” increased to 37.7 percent from 36.1 percent.

Consumers’ optimism about the short-term outlook continued to deteriorate in January. Those expecting business conditions to improve over the next six months declined to 15.4 percent from 18.1 percent. However, those expecting business conditions to worsen declined slightly to 20.6 percent from 21.1 percent.

Consumers’ outlook for the labor market was more pessimistic. Those anticipating more jobs in the months ahead declined to 14.3 percent from 17.9 percent, while those expecting fewer jobs remained virtually unchanged at 27.0 percent. The proportion of consumers expecting their incomes to decline rose to 22.9 percent from 19.1 percent, while those anticipating an increase declined to 13.6 percent from 15.6 percent.

The next release is scheduled for Tuesday, February 26 at 10 A.M.

http://www.conference-board.org/data/consumerconfidence.cfm
 

hypocritexposer

Well-known member
(Reuters) - Shares of Wal-Mart Stores Inc fell 2.1 percent on Friday after Bloomberg quoted a mid-level executive's email as saying the world's largest retailer had the worst sales start to any month in seven years in February.

Wal-Mart executives blamed the poor sales performance on increased payroll taxes as well as delayed tax returns, Bloomberg said.

Higher payroll taxes this year are seen as a potential problem for Wal-Mart and other discount retailers that try to attract lower-income customers who have less disposable income.

http://ca.news.yahoo.com/wal-mart-shares-tumble-report-weak-february-sales-201023718--finance.html
 

Broke Cowboy

Well-known member
hopalong said:
Remind me again who was president in october 2007?????and who has been president since Jan 2008??????? :D :D :D

LOLOL!!

Too funny!

Even an "entitled Hussein" can have a good month once in a while. No different than a blind squirrel finding a nut once in a while.

Not seeing a great deal of response to this one OT - just thought I might ask why no outrage?

Mind you he is the "entitled Hussein" and he has his "entitled squeeze" with him at all times - doesn't he? LOL

http://ranchers.net/forum/viewtopic.php?t=63391

Have a great weekend all.

BC
 

Mike

Well-known member
Broke Cowboy said:
hopalong said:
Remind me again who was president in october 2007?????and who has been president since Jan 2008??????? :D :D :D

LOLOL!!

Too funny!

Even an "entitled Hussein" can have a good month once in a while. No different than a blind squirrel finding a nut once in a while.

Not seeing a great deal of response to this one OT - just thought I might ask why no outrage?

Mind you he is the "entitled Hussein" and he has his "entitled squeeze" with him at all times - doesn't he? LOL

http://ranchers.net/forum/viewtopic.php?t=63391

Have a great weekend all.

BC

Yep. Leave it to OT to shoot himself in the foot. :lol:

Just by posting this he has exposed the ineptness and upopularity of the Buckwheat era. :roll:
 
A

Anonymous

Guest
Broke Cowboy said:
hopalong said:
Remind me again who was president in october 2007?????and who has been president since Jan 2008??????? :D :D :D

LOLOL!!

Too funny!

Even an "entitled Hussein" can have a good month once in a while. No different than a blind squirrel finding a nut once in a while.

Not seeing a great deal of response to this one OT - just thought I might ask why no outrage?

Mind you he is the "entitled Hussein" and he has his "entitled squeeze" with him at all times - doesn't he? LOL

http://ranchers.net/forum/viewtopic.php?t=63391

Have a great weekend all.

BC

Remind me again who led us into the BUSH BUST and took that consumer confidence down into the pits to the point that some economists were predicting it would take the country 10+ years to recover....
Since you're Canuck- I'll give you a little hint- his initials were George W. Bush...
 

Broke Cowboy

Well-known member
OT

I am probably one of the most polite people on this board when dealing with you - but that is still too funny and your response is such a lame duck response that I cannot help but laugh. LOL.

That is like me going back nearly 10 years and blaming Martin for todays problems in my own country.

Only an idiot would do that - or someone who is afraid to face the truth of today.

The best part is your debt now is astonomical as compared to even last year. Some day you will have to stop blaming Bush. Hope you have a pile of cash buried in the backyard for your grandkids.

However if you do blame him until you die, I will promise to attempt to have it engraved on your tomb stone if you like.

Here lies OT - he blames Bush for this as welll!

I can assure you that if I outlive you I can make that effort for you if you want. Statistically speaking - barring accident, incident or disease I should out live you. So, just let me know.

Now - What I am really interested in is your response to the entitled Hussein and his entitled squeeze and this thread:

http://ranchers.net/forum/viewtopic.php?t=63391

I am on the road for a couple of hours - will not wait with baited breathe for your response. No promise to respond though - my time is valuable and I do not always want to waste it.

Have a great weekend old boy - be safe and my best to the wife and family,

Cheers

BC
 

Whitewing

Well-known member
Broke Cowboy said:
I can assure you that if I outlive you I can make that effort for you if you want. Statistically speaking - barring accident, incident or disease I should out live you. So, just let me know.

Hey, if you do have the unfortunate luck of coming down with some dread disease, you can always off yourself in Valley Country, Montana. According to OT, the coroners there are as crooked as a dog's hind leg and will gladly list your demise as "accidental" regardless of evidence to the contrary.

Go ahead, load up on a big term policy for the little lady's benefit. :D
 

TexasBred

Well-known member
Oldtimer said:
Remind me again who led us into the BUSH BUST and took that consumer confidence down into the pits to the point that some economists were predicting it would take the country 10+ years to recover....
Since you're Canuck- I'll give you a little hint- his initials were George W. Bush...



Ironically, Barack Obama led the effort that caused the mess that needs cleaning up. Barack Obama was a pioneering contributor to the national subprime real estate bubble—the attack dog that terrorized banks to make mortgage loans that they did not want to make. According to research by TheDailyCaller, about half of the 186 African-American clients in President Obama’s landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices. As few as 19 of those 186 clients still own homes with clean credit ratings, following a decade in which Obama and other progressives pushed banks to provide “booby trap” adjustable rate mortgages to poor African Americans.

The origins of our current Great Recession began neither with the Obama Administration, nor the Bush Administration, but with the Clinton Administration. In June 1995 President Clinton introduced his National Homeownership Strategy, which included the expansion of Credit Default Swaps (CDSs). President Clinton, Vice President Gore and Secretary Cisneros announced the administration’s comprehensive new strategy for raising home-ownership in America to an all-time high. Representatives from ACORN were guests of honor at the ceremony. In his remarks, Clinton emphasized that: “Our homeownership strategy will not cost the taxpayers one extra cent. It will not require legislation.” Clinton meant that informal partnerships between Fannie and Freddie and groups like ACORN would make mortgages available to customers “who have historically been excluded from homeownership.”

When President Clinton introduced his National Homeownership Strategy in June 1995, no one realized it would create the path of doom that would have such a long-term devastating effect on the economy, particularly for millions of Americas who experienced foreclosure. The volume of foreclosures, and foreclosure trends, are telling and underappreciated economic indicators for the American economy. Foreclosures accelerated as the Housing Price Bubble began to form in 1997. Based on Realty Trac, Federal Reserve, Equifax sources, in the last year of the Clinton Administration foreclosures were already on the rise even though the economy was expanding (470,000 foreclosures in 2000). The legacy of the National Homeownership Strategy would be millions of foreclosures during the Bush and then Obama Administrations.

As the table below shows, foreclosures still have not peaked. During the first three years of the Obama Administration, there have been 11,221,609 foreclosures that are expected to continue its trend upward in 2012 (for a 4 year total of approximately 16 million).

Year Foreclosures Foreclosure Filings Home Repossessions
2011 3,920,418 3,580,000 1,147,000
2010 3,843,548 3,500,000 1,125,000
2009 3,457,643 2,920,000 945,000
2008 3,019,482 2,350,000 679,000
2007 2,203,295 1,260,000 489,000
2006 1,215,304 545,000 268,532
2005 801,563 530,000
2004 640,000
2003 660,000
2002 700,000
2001 540,000
2000 470,000
http://www.statisticbrain.com/home-foreclosure-statistics/
 

Soapweed

Well-known member
Broke Cowboy said:
OT

I am probably one of the most polite people on this board when dealing with you - but that is still too funny and your response is such a lame duck response that I cannot help but laugh. LOL.

That is like me going back nearly 10 years and blaming Martin for todays problems in my own country.

Only an idiot would do that - or someone who is afraid to face the truth of today.

Oldtimer talks about the "eight year coffee break" that George W. Bush imposed upon his corporate/wallstreet enforcement folks/overseers. What a bunch of blarney. Bush couldn't have told anyone to "take an eight-year coffee break," because he was only elected for four years at a time.

http://ranchers.net/forum/viewtopic.php?t=51743&highlight=coffee+break

Oldtimer said:
And this is the sad comedy of the whole deal... I have NEVER followed a CULT/PARTY--- and have always voted as- and considered myself an Independent..But do support letting people decide for themselves what is morally right and wrong when it effects them...
I never voted for Clinton- or Bush the 1st-- but did for GW- and supported him until all his lies were proven thru the Congressional testimony-- plus it was clear that his telling his corporate/wallstreet enforcement folks/overseers to take an 8 year coffee break from doing their Congressional obligated job was going to bankrupt the country-- which led up to the "Bush Bust" and the greatest economic disaster since the Great Depression.... :(

And then OT never says one unkind word about Obama and the multitudes more he has spent than George W. Bush, not to mention Obama's complete trampling of the United States Constitution. Oldtimer has proven the premise that if you don't stand for something, you'll fall for anything. He certainly falls for anything, as long as it's Obama's idea.
 

Whitewing

Well-known member
OldMakeItUp said:
and supported him until all his lies were proven thru the Congressional testimony

Yet ask him to link you to Bush's lies contained in Congressional testimony and he can't do it.

Can't find his ass with both hands and can't link to something as provocative to the lamestream media as proof of Bush lying. Par.:roll:

And he wonders why we don't believe 99% of what he says.
 

cowman52

Well-known member
My better 3/4 is a manager for 120 c-stores, they are fighting for fuel, diesel goes to 4,10 tomorrow morning, gas to 3.60, every time fuel goes up their sales in soda, munchies, and food goes down, the hostess bakery deal has their sales down in that area, obama care has them cutting hours on everybody to avoid the health care hit, their cost to continue it is nearly 2800 an employee, the oil boom has salaries in some areas going up,but to what end, most can't pass the drug screen, some think its beneth them to work, and the big demand is for someone with a camper to sit at the gate and watch trucks in and out.
Wal mart had it's worst year beginning in it's history,

This is just a drop in the ocean and confidence is up???? How do you figure?
 
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