Oh boy!!!
Remember, this tactic was used on the 07 crash!! The media fed the public a big ole lie that everything was okay and the people ate it up!! But in reality, the system was fallin apart!!! Anyway
University of Michigan: Consumer Sentiment Jumped to Highest Point since January 2004
By Chad MoutrayOctober 13, 2017Economy, Shopfloor Economics, Shopfloor Main
The University of Michigan and Thomson Reuters reported that consumer confidence soared in October, rising to its highest point since January 2014, according to preliminary data. The Index of Consumer Sentiment jumped from 95.1 in September to 101.1 in October. This was well above the consensus estimate, which was for little change in the measure for the month. Richard Curtin, the Survey of Consumers Chief Economist, writes, “The October gain was broadly shared, occurring among all age and income subgroups and across all partisan viewpoints. The data indicate a robust outlook for consumer spending that extends the current expansion to at least mid-2018….”
Overall, the report was encouraging and a sign that consumers were more upbeat in their views on the economy and in their expectations for spending in the months ahead. Indices for current (up from 111.7 to 116.4) and future (up from 84.4 to 91.3) conditions were sharply higher. Final data for this survey will be released on October 27.
Remember, this tactic was used on the 07 crash!! The media fed the public a big ole lie that everything was okay and the people ate it up!! But in reality, the system was fallin apart!!! Anyway
University of Michigan: Consumer Sentiment Jumped to Highest Point since January 2004
By Chad MoutrayOctober 13, 2017Economy, Shopfloor Economics, Shopfloor Main
The University of Michigan and Thomson Reuters reported that consumer confidence soared in October, rising to its highest point since January 2014, according to preliminary data. The Index of Consumer Sentiment jumped from 95.1 in September to 101.1 in October. This was well above the consensus estimate, which was for little change in the measure for the month. Richard Curtin, the Survey of Consumers Chief Economist, writes, “The October gain was broadly shared, occurring among all age and income subgroups and across all partisan viewpoints. The data indicate a robust outlook for consumer spending that extends the current expansion to at least mid-2018….”
Overall, the report was encouraging and a sign that consumers were more upbeat in their views on the economy and in their expectations for spending in the months ahead. Indices for current (up from 111.7 to 116.4) and future (up from 84.4 to 91.3) conditions were sharply higher. Final data for this survey will be released on October 27.
