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.
There’s a sucker born every second.
More television commercials.
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%.
SUCKERS!
That was my thoughts. They expected Obama to be history.
Yay!!! Welfare, EBT cards, Obamacare and Obamaphones for all!!!!!
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.
Do we believe all these reports or our lying eyes? And, no questioning by anyone. All rah rah rah. Pure BS.
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”.
This is a satire, right????
Maybe people were being optimistic about the outcome of the election.
Watch where it goes now!
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”
Thomson . . . Reuters . . . University of Michigan. Does this possibly sound like a liberal bunch of liars?
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.
Of course it is.
Santa is early this year.
What’s the methodology and did it evenly weight takers and makers?
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