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The Obama Boom: Consumer Confidence hits a 7 month high?

by Phantom Ace ( 1 Comment › )
Filed under Business, Economy, Headlines at September 25th, 2012 - 11:28 am

The Obama Boom continues to defy all historical economic laws. Gas and Food prices have increased, while incomes have declined. The job market is anemic. Yet Consumer Confidence is at a 7 month high?

U.S. consumer confidence jumped to its highest level in seven months in September as Americans were more optimistic about the job market and income prospects, a private sector report showed on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes rose to 70.3 from an upwardly revised 61.3 in August. It was the highest level since February and topped economists’ expectations for 63, according to a Reuters poll.

August was originally reported as 60.6.

“Despite continuing economic uncertainty, consumers are slightly more optimistic than they have been in several months,” said Lynn Franco, director of The Conference Board Consumer Research Center, said in a statement.

The expectations index climbed to 83.7 from 71.1, while the present situation index gained to 50.2 from 46.5.

Consumers’ labor market assessment improved. The “jobs hard to get” index slipped to 39.9 percent from 40.6 percent the month before, while the “jobs plentiful” index rose to 8.3 percent from 7.2 percent.

The Obama Regine’s propaganda seems to be working. Economic indicators have deteriorated in recent weeks, yet the public thinks the Economy is booming. This is just crazy!

Tags: Consumer Confidence, The Obama Boom
Posted in Business, Economy, Headlines | 1 Comment »

The Obama Bust: Consumer Confidence at its lowest of the year.

by Phantom Ace Comments Off
Filed under Business, Economy, Headlines at June 29th, 2012 - 1:02 pm

The Stock Market is up 200 points as of this writing. I would not be shocked if the media does a economic victory lap and claims Obama has saved us. The reality for consumers is different. Consumer confidence fell to the lowest level of the year as people feel economic conditions have deteriorated.

U.S. consumer sentiment dropped to a six-month low in June as Americans’ view of the economy soured, a survey released on Friday showed.

The Thomson Reuters/University of Michigan’s final reading on the overall index on consumer sentiment fell to 73.2 in June from 79.3 in May.

It was the lowest level since December and fell short of economists’ expectations for the index to hold at the same level as June’s preliminary reading of 74.1.

The deterioration in consumers’ attitudes came mostly from households with incomes over $75,000; sentiment among lower-income households was little changed, the survey said.

The Obama bust continues to wreak havoc.

Tags: Consumer Confidence
Posted in Business, Economy, Headlines | Comments Off on The Obama Bust: Consumer Confidence at its lowest of the year.

The Obama Boom: Consumer Confidence plummets in May

by Phantom Ace ( 2 Comments › )
Filed under Economy, Headlines, unemployment at May 29th, 2012 - 11:36 am

The Greatest economic boom since the fall of General Seti’s fabled Global Nubian Empire 20,000 years ago is showing signs of trouble. Consumer confidence fell in May

Americans’ confidence in the economy fell in May to its lowest level in eight months as consumers fretted about slow hiring, a big stock market drop and the global economy, said a private research group.

The Conference Board says its Consumer Confidence Index now stands at 64.9, down from a revised 68.7 in April. Economists were expecting a reading of 70, according to a FactSet poll of analysts.

The media can one all they want but the truth is the economy sucks.

Tags: Consumer Confidence, The Obama Boom
Posted in Economy, Headlines, unemployment | 2 Comments »

The Obama Boom: Consumer Confidence falls and New Home Sales Fall 7.1%

by Phantom Ace ( 5 Comments › )
Filed under Business, Economy, Headlines at April 24th, 2012 - 1:53 pm

Obama approval ratings are still pretty high. Despite a poor economy, many Americans love this man and support him no matter what. Economic reality is another thing altogether. Consumer confidence declined in March to a reading of 69.2.

U.S. consumer confidence edged slightly lower in April, while Americans also reined in their inflation expectations after a surge in the previous month, according to a private sector report released on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes edged down to 69.2 from a downwardly revised 69.5 in March. Economists had expected a reading of 69.7, according to a Reuters poll

[….]

“Overall, consumers are more upbeat about the state of the economy, but they remain cautiously optimistic.”

Yup, people want to believe the economy is good because the Pharaoh has decreed it so. Despite their personal situation, they still have not lost faith in Obama. A sad state of affairs in our nation.

In other Obama Boom news, Home sales plummet 7.1%. Job growth is anemic and wages are not increasing. This is slowing demand for new homes.

New U.S. single-family home sales dropped in March to their lowest level in four months, but the reading still beat analysts’ expectations as the government said sales in prior months were higher than initially thought.

The Commerce Department said on Tuesday sales slipped 7.1 percent to a seasonally adjusted 328,000-unit annual rate.

Home sales in February were revised higher to 353,000 units, the fastest pace since November 2009, up from the previously reported 313,000 units.

That’s right! 7.1% is better than expected! Up is down and down is up in the Obama boom. A bad economy and scandals have not dented Obama’s standing with voters. The cult of the American Pharaoh has a solid grip on this nation.

Tags: Consumer Confidence, Hosing Sales, The Obama Boom
Posted in Business, Economy, Headlines | 5 Comments »