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U.S. Consumer Sentiment Hits 5-Year High in November
FoxBusiness.com ^ | 11/9/2012 | Reuters

Posted on 11/09/2012 7:50:49 AM PST by mykroar

U.S. consumer sentiment rose to its highest level in more than five years in November as consumers felt more optimistic about employment prospects and the outlook for the overall economy, a survey released on Friday showed.

The Thomson Reuters/University of Michigan preliminary reading on the overall index on consumer sentiment came in at 84.9, up from 82.6 the month before.

It was above the median forecast of 83 among economists polled by Reuters.

"More consumers expected good rather than bad times financially in the economy in early November, not only for the year ahead but over the next five years as well," survey director Richard Curtin said in a statement.

"This was the most positive outlook for the overall economy in more than five years," he said.

The survey's barometer of current economic conditions rose to 91.3 from 88.1 and above a forecast of 88.8.

The survey's gauge of consumer expectations rose to 80.8 from 79.0 and above an expected 79.6.

The survey's one-year inflation expectation fell to 3.0 percent from 3.1 percent, while the survey's five-to-10-year inflation outlook was at 2.8 percent from 2.7 percent.


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: confidence; consumer
I'm assuming this survey was done in October for release now. It'll be interesting to see where it goes next month.
1 posted on 11/09/2012 7:51:00 AM PST by mykroar
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To: mykroar

There’s a sucker born every second.


2 posted on 11/09/2012 7:52:17 AM PST by rfp1234 (Arguing with a liberal is like playing chess with a pigeon.)
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To: mykroar
Pre election enthusiasm?
3 posted on 11/09/2012 7:52:44 AM PST by swamprebel (a Constitution once changed from Freedom, can never be restored.)
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To: swamprebel

More television commercials.


4 posted on 11/09/2012 7:53:32 AM PST by warchild9
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To: mykroar

Yes, back in October there was hope for change....in a Republican win. Let’s see what November’s numbers will be, and how dismal December’s Christmas retail numbers will be. By the time The Worst President Ever is inaugurated in January, unemployment will be heading for 9%.


5 posted on 11/09/2012 7:54:00 AM PST by txrefugee
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To: mykroar
Bwahahahahaha...

SUCKERS!

6 posted on 11/09/2012 7:54:10 AM PST by Obadiah (Americans lusted for Obama. Give them Obama! Everything he Constitutionally asks for.)
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To: swamprebel

That was my thoughts. They expected Obama to be history.


7 posted on 11/09/2012 7:54:41 AM PST by DJ MacWoW (My faith and politics cannot be separated)
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To: mykroar
I wonder who they are asking, everyone I know is extremely worried and holding on to every penny they can. I bet we see a dismal Christmas shopping season. Maybe Kwanza spending will be up with all that free obama money.
8 posted on 11/09/2012 7:55:23 AM PST by Mastador1
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To: mykroar

Yay!!! Welfare, EBT cards, Obamacare and Obamaphones for all!!!!!


9 posted on 11/09/2012 7:56:02 AM PST by ScottinVA (I've never been more disgusted with American voters.)
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To: mykroar




             

10 posted on 11/09/2012 7:56:46 AM PST by tomkat
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To: mykroar

Not because consummer confidence in the Obama economy, for sure.

I am going to spend spend spend. Why use saving for retirement and/or emergency funds?

Obama (for life) will take care of the populace now.


11 posted on 11/09/2012 7:57:07 AM PST by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: mykroar

Do we believe all these reports or our lying eyes? And, no questioning by anyone. All rah rah rah. Pure BS.


12 posted on 11/09/2012 7:58:16 AM PST by John W (Viva Cristo Rey!)
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To: mykroar

Obama gets reelected and everything becomes peachy keen.

We will be inundated with ‘good news’ stories until after the inauguaration.

Then, reality might start hitting the front pages of the newspapers. Or they will help him build his legacy during the next 4 years.

==

Obama got a mulligan.

Urban Dictionary: A Mulligan, in a game, happens when a player gets a second chance to perform a certain move or action; usually due to lack of skill or bitter luck. A “Do-Over”.


13 posted on 11/09/2012 7:59:28 AM PST by TomGuy
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To: mykroar

This is a satire, right????


14 posted on 11/09/2012 8:01:44 AM PST by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: mykroar

Maybe people were being optimistic about the outcome of the election.

Watch where it goes now!


15 posted on 11/09/2012 8:02:02 AM PST by SMARTY ("The man who has no inner-life is a slave to his surroundings. "Henri Frederic Amiel)
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To: mykroar; rfp1234; txrefugee; DJ MacWoW
U.S. consumer sentiment rose to its highest level in more than five years in November as consumers felt more optimistic about employment prospects and the outlook for the overall economy, a survey released on Friday showed.
The Thomson Reuters/University of Michigan preliminary reading on the overall index on consumer sentiment came in at 84.9, up from 82.6 the month before.
It was above the median forecast of 83 among economists polled by Reuters.
"More consumers expected good rather than bad times financially in the economy in early November, not only for the year ahead but over the next five years as well," survey director Richard Curtin said in a statement. ……

Hmmmmmm….perhaps not for the few thousand undergoing “change” this week…...

The Free Republic "Elections Have Consequences" Repository ”OBAMAsizing”

16 posted on 11/09/2012 8:02:38 AM PST by Stand Watch Listen
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To: mykroar

Thomson . . . Reuters . . . University of Michigan. Does this possibly sound like a liberal bunch of liars?


17 posted on 11/09/2012 8:04:01 AM PST by Cicero (Marcus Tullius)
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To: Grams A

So very, very predictable the media is. Two massive days of selling in the equity markets directly attached to the election results, and on the third day this story surfaces.

Is all BS.


18 posted on 11/09/2012 8:06:16 AM PST by RacerXSpeedRacer (America...., I knew her well. I'm going to miss her, a lot.)
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To: mykroar

Of course it is.

Santa is early this year.


19 posted on 11/09/2012 8:06:28 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: mykroar

What’s the methodology and did it evenly weight takers and makers?


20 posted on 11/09/2012 8:07:21 AM PST by gotribe (He's a mack-daddy http://www.youtube.com/watch?v=AV415yit7Zg)
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To: mykroar; All

NOTE THE CHART....
It drove up almost 40 points, in just 4 months...

Keep the masses falsely confident and they will reelect Obama. I said it months ago, and I’ll say that again. All of that media bulls**t worked. People were convinced by the TV not to believe their own lying eyes.

Now, the hangover of reality is about to set in.

Give the mainstream media credit, they have managed to elect this guy, TWICE. The pain is going to be ignored by them now, though.


21 posted on 11/09/2012 8:07:44 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: ScottinVA

“Welfare, EBT cards, Obamacare and Obamaphones for all!!!!!”

30 years ago, you voted for the guy you thought could bring you JOBS...

Today, you vote for the guy you think will give you the most FREESCHIT....


22 posted on 11/09/2012 8:09:42 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: mykroar
"More consumers expected good rather than bad times financially in the economy in early November, not only for the year ahead but over the next five years as well,"

Most people thought Romney was going to win. So many thought it was going to be a landslide, they didn't even bother to stand in line. In my opinion, even Oboma thought Romney had it in the bag. No one expected a freeloader tsunami (and probably massive fraud which will eventually be exposed)

Now that Oboma has been put back in charge, those numbers will go back down. People are still shocked that THE worst president in American history has been given 4 more years to destroy us completely.

23 posted on 11/09/2012 8:10:35 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: John W

“Do we believe all these reports or our lying eyes? And, no questioning by anyone. All rah rah rah. Pure BS.”

If you DARE to question it, you must be a RASSISS, or a ‘phobe, or sumpin’.

Or a soon-to-be-unemployed former member of the mainstream media.


24 posted on 11/09/2012 8:11:14 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: concerned about politics

“No one expected a freeloader tsunami (and probably massive fraud which will eventually be exposed)”

Plenty of Freepers right on this very site expected this.


25 posted on 11/09/2012 8:14:08 AM PST by JCBreckenridge (They may take our lives... but they'll never take our FREEDOM!)
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To: gotribe
What’s the methodology and did it evenly weight takers and makers?
26 posted on 11/09/2012 8:15:41 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: mykroar

Who are these people speaking with? I realize there is a lot of ignorance in this county. But are people deaf and blind as well. Rising grocery, energy and gas prices don’t give them pause because even if you receive assistance, the funny money the govt gives out still purchases less. Much less. And you know the 23 million who are still jobless in this country surely cannot be feeling optimistic.


27 posted on 11/09/2012 8:16:06 AM PST by formosa (consider me galt)
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To: DJ MacWoW

“That was my thoughts. They expected Obama to be history.”

It suck history is repeating itself.

BTW. I hope you are feeling better. :)


28 posted on 11/09/2012 8:17:23 AM PST by Clyde5445
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To: mykroar

More liberal media B.S. Going Galt won’t help that scenario.


29 posted on 11/09/2012 8:21:07 AM PST by AngelesCrestHighway
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To: JCBreckenridge
Plenty of Freepers right on this very site expected this.

Yeah, but not the average working man. It would be insane for people to reelect Oboma. Who would want 4 more years of misery? Who would want it made even worse?

I believe people thought Romney had it in the bag. Many thought the rest of the voters had their backs and didn't bother standing in line themselves. Hopefully, people will learn from this.

30 posted on 11/09/2012 8:21:17 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: mykroar

What planet do these people live on? Bizzaro world?


31 posted on 11/09/2012 8:24:21 AM PST by golfisnr1
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To: mykroar

What planet do these people live on? Bizzaro world?


32 posted on 11/09/2012 8:24:34 AM PST by golfisnr1
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To: mykroar

“U.S. Consumer Sentiment,” what does this mean? People can believe whatever they want, it doesn’t make it so. The same people surveyed are probably the same idiots who voted for Obama and are absolutely clueless about the economy and where it is going.


33 posted on 11/09/2012 8:24:49 AM PST by 3Quartets
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To: mykroar

Preppers. I know I’m buying a little more to stock up.


34 posted on 11/09/2012 8:29:15 AM PST by Thorliveshere
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To: mykroar

Who does Fox News expect to believe this BS?


35 posted on 11/09/2012 8:29:40 AM PST by Venturer
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To: mykroar

Every BLS report shows a loss of median individual and household income over the last 5 years.

The new wave of health insurance and state and federal tax increasing coming in January are very close to taking 100% of the median household’s expendable income.

Three scenarios here,
1. The Consumer Confidence Index is broken.
2. The BLS household and individual income reporting process is broken.
3. The majority of American consumers are completely ignorant of the new waves of taxes, fees, and purchasing power depreciation through the Treasury and Federal Reserve that started last Wednesday.

I believe the Consumer Confidence Index is broken. Not sure if the BLS is that far off, and I am sure that the vast majority of Americans have no idea about the wave of new taxes and inflation in basic necessities by the Fed and Treasury Dept.


36 posted on 11/09/2012 8:31:09 AM PST by JerseyHighlander
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To: JerseyHighlander

“I believe the Consumer Confidence Index is broken.”

It isn’t broken, it has been manipulated by an enemy mainstream media. Remember how every little uptick in ANYTHING was applauded as “SIGNS OF RECOVERY!!!”, while reality was completely ignored?

Folks, THE REAL ENEMY HERE IS THE MAINSTREAM MEDIA, and the Orwellian propaganda we have been bombarded with for almost three decades now. Don’t you get it, yet?


37 posted on 11/09/2012 8:35:08 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: mykroar

My confidence was headed up when I started thinking that Romney was going to win and the dems might be out of power.

I suspect that by February a very different story could be told....


38 posted on 11/09/2012 8:40:41 AM PST by Gator113 (I would have voted for NEWT, now it's Romney & Ryan.~Just livin' life, my way~)
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To: Thorliveshere
Preppers. I know I’m buying a little more to stock up.

Yep. All our money is going to go to.....us!
No more spending. No more consumer taxes, no more state and federal taxes will be coming in from from businesses - at least not with our help. .

We're going to keep giving to us and only us.

Left the democrat base starve. It's the only thing they've ever actually "earned."

39 posted on 11/09/2012 8:47:45 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Clyde5445

My cold is departing slowly. lol


40 posted on 11/09/2012 8:50:58 AM PST by DJ MacWoW (My faith and politics cannot be separated)
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To: swamprebel
Pre election enthusiasm?

You know it!

41 posted on 11/09/2012 9:09:10 AM PST by newzjunkey (Obama thanks Pontius Pilate Freepers for giving him four more years!)
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To: mykroar

Pravda working overtime!


42 posted on 11/09/2012 9:26:15 AM PST by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: mykroar

The higher consumer expectation in Houston was very noticeable but it was due solely to the belief that Romney would win in a landslide.

The next report will be devastating.


43 posted on 11/09/2012 9:28:55 AM PST by buffaloguy
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To: mykroar

The public thought, with good reason, that Mitt Romney would be President.

Watch consumer sentiment tank as layoffs are announced, Obamugabe tightens his grip on power, and the national mood sinks.

Way to go, voters.


44 posted on 11/09/2012 10:26:25 AM PST by SoFloFreeper
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