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U.S. Consumer Confidence Unexpectedly Drops to Two-Year Low
sf gate ^

Posted on 10/25/2011 9:42:33 AM PDT by traumer

Oct. 25 (Bloomberg) -- Consumer confidence unexpectedly slumped in October to the lowest level since March 2009, when the U.S. economy was in a recession, as Americans' outlooks for employment and incomes soured.

The Conference Board's sentiment index decreased to 39.8 from a revised 46.4 reading in September, figures from the New York-based private research group showed today. This month's reading was less than the most pessimistic forecast in a Bloomberg News survey in which the median projection was 46.

Limited job availability, deteriorating home values and the threat of a European debt default are weighing on sentiment. A drop in optimism helps explain concern among some companies like Levi Strauss & Co. that spending will be restrained during the holiday shopping season.

"The outlook continues to deteriorate," said Yelena Shulyatyeva, a U.S. economist at BNP Paribas in New York. "This is not good for the holidays, which won't be horrible but will definitely be worse than last year."

(Excerpt) Read more at sfgate.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: confidence; consumerconfidence; jobs; obamanomics; recovery; unexpected; unexpectedly
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1 posted on 10/25/2011 9:42:37 AM PDT by traumer
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To: traumer
"...unexpectedly...."?

This is unprecedented usage of this word.

2 posted on 10/25/2011 9:44:41 AM PDT by Paladin2
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To: traumer

IBTU?


3 posted on 10/25/2011 9:45:37 AM PDT by Grunthor (Poster may come off as abrasive, perhaps even rude. Consider this your warning.)
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To: traumer

I hope Obama loses in a landslide election. “Unexpectedly”.:)


4 posted on 10/25/2011 9:45:44 AM PDT by Leep
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To: traumer

I hope Obama loses in a landslide election. “Unexpectedly”.:)


5 posted on 10/25/2011 9:45:44 AM PDT by Leep
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To: traumer

I hope Obama loses in a landslide election. “Unexpectedly”.:)


6 posted on 10/25/2011 9:46:18 AM PDT by Leep
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To: traumer

I hope Obama loses in a landslide election. “Unexpectedly”.:)


7 posted on 10/25/2011 9:46:34 AM PDT by Leep
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To: Leep

Oops, sorry..sorry..and sorry.


8 posted on 10/25/2011 9:48:08 AM PDT by Leep
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To: traumer
unexpectedly

Only in the world of make-believe.

Astonishingly, consumer confidence has not fallen through the floor!

Yet.

9 posted on 10/25/2011 9:48:33 AM PDT by Designer (Nit-pickin' and chagrinin')
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To: traumer

DRINK!


10 posted on 10/25/2011 9:49:53 AM PDT by Psycho_Bunny (Public employee unions are the barbarian hordes of our time.)
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To: Leep

You can say that again!

CA....


11 posted on 10/25/2011 9:51:13 AM PDT by Chances Are (Seems I've found that silly grin again....)
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To: traumer

Wow, the SF Urinal prints bad economic news the day Zero hits town. Unexpected.


12 posted on 10/25/2011 9:52:00 AM PDT by Huskrrrr
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To: Grunthor
IBTU?

Nope, and neither was I.

13 posted on 10/25/2011 9:55:42 AM PDT by Navy Patriot (Join the Democrats, it's not Fascism when WE do it. (plagiarized))
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To: Paladin2

Just what I was thinking, only a brain dead supporter of Obama would expect otherwise.


14 posted on 10/25/2011 10:02:39 AM PDT by fortheDeclaration (When the wicked beareth rule, the people mourn (Pr.29:2))
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To: Leep

Bears repeating! ;-)


15 posted on 10/25/2011 10:03:45 AM PDT by 6SJ7 (I'm an AmeriCain!)
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To: Paladin2

MSM nonchalant about $38,000.00 a plate dinner in Hollywood with Obama.

So they are dumb struck about what the rest of the nation is going through.


16 posted on 10/25/2011 10:09:50 AM PDT by NoLibZone (Democrats are violent. Prisons are overflowing with democrats convicted of violent crimes.)
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To: traumer

UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY UNEXPECTEDLY
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


17 posted on 10/25/2011 10:22:28 AM PDT by sbMKE
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To: Leep

it happens


18 posted on 10/25/2011 10:23:20 AM PDT by traumer
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To: Paladin2

The word “unexpected” and all its variations should be forcibly removed from the lexicons of every news room in the country. Journalists have abused the privilege by being stupid enough to believe projections of liars, thieves, idiots, and Democrats (redundant, I know).


19 posted on 10/25/2011 10:36:07 AM PDT by katana (Just my opinions)
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To: Paladin2

20 posted on 10/25/2011 10:52:55 AM PDT by traderrob6
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