Posted on 08/28/2019 2:03:05 AM PDT by Enterprise
Despite forecasts from leading economists predicting a recession, U.S. consumer confidence is currently at the highest levels in almost 19 years.
The Conference Board Consumer Confidence Index is at a steadfast high, slightly declining in August to 135.1 from 135.8 in July, according to the business research group, indicating U.S. workers and consumers are confident in their economic position.
After falling to 121.5 in June, the first time it dropped in three months, the index has basically been stagnant, said Lynn Franco, the senior director of economic indicators at the Conference Board.
The current 135.1 August reading compares to a 59.2 reading after the same two and a half years of the Obama administration. The Index plummeted to 40.9 in October 2011 and never rose above 103.8 for Obama.
(Excerpt) Read more at lauraloomer.us ...
L8r
That inversion curve is only due to the distortion of a central bank which is now dependant on certain stock prices.
All prices are false in this economy, and thus the prior prediction models do not apply
Here in lowly Louisiana there are so many trucks hauling heavy construction equipment around and so many ships at the port of Baton Rouge that it is hard to count.
Dems and their supporters in the media don’t care. They will keep talking about “recession.”
“Here in lowly Louisiana there are so many trucks hauling heavy construction equipment around and so many ships at the port of Baton Rouge that it is hard to count.”
We see the same in N. Californicator land. We have massive rebuilding due to the two fire seasons, and massive local rebuilding in housing due to age of the homes.
Our old redwood decks needed to be torn out and new ones put in. We were on standby for our Contractor since new years to get our back deck and front porch torn out and rebuilt.
It was finished this month.
We are now finally first on a list at HD for new skylights to replace our old ones. Our roofer placed the order in Feb. of this year.
Each morning we see delivery trucks with new building supplies go up the hill or near by to drop off their deliveries to be used that day or week.
One of our younger relatives is an exec with a heavy duty construction company. He tells prospective customers, it will be a wait of 6-12 months before any construction can even begin after the bid is accepted. He puts into the contract that any price increases over 1-2% are absorbed by the customers.
“That inversion curve is only due to the distortion of a central bank which is now dependant on certain stock prices.”
Nope.
Inversion Curves IN THE PAST were due to the Fed increasing short term rates above mid or long term rates. Volker, In Reagan’s first term, cranked them up to 20% to finally kill runaway inflation.
THIS inversion is due to the global market for sovereign debt making mid and long term rates go LOWER than short term rates that are still near historic lows. There are a half dozen European countries that are issuing debt with NEGATIVE interest. As such global money bids down US debt. 1.5% is better than negative interest.
Nomsense. All prices are false. There is no real information in the market due to Fed reserve invested in stocks. They prop those up instead of letting the market decide what is best
“Nomsense. All prices are false. There is no real information in the market due to Fed reserve invested in stocks. ”
The Federal Reserve doesn’t “invested in stocks”.
If you want to complain about the Fed at least complain about things they actually do.
“Nomsense. All prices are false. There is no real information in the market due to Fed reserve invested in stocks. ”
The Federal Reserve doesn’t “invested in stocks”.
If you want to complain about the Fed at least complain about things they actually do.
They do indirectly. The feds took up the bad banks.
That makes no sense at all.
That’s hilarious.
You post an opinion piece from a political commentator with no background in finance or economics as your proof.
You might as well have posted a link to a Winnie the Pooh book.
I don’t care if you hate the Fed or not. It’s just dumb to hate them for things they DON’T do.
It is world known the fed reserve acquired the bad bank liabilities. Give me a break.
Huntsville Al , all the jobs are being filled by yankees. So many out of state Tags. Look for Madison county Alabama to go from +5 republican to -5 in 4 years. No joke. Crazy. Was behind some dumb azz with a Warren “ plan for that “ sticker yesterday. Madison co Alabama has always been a odd town. Cross between the NASA liberal types and the DOD KNUCKLE DRAGGERS.
You said the Fed bought stocks. Then you posted an opinion piece. Now you are changing it to “liabilities” which is getting closer.
Learn a little about a subject before posting.
I said indirectly. Through FDIC all banks are liabilities, and they own the stocks. The feds do what the banks tell it
“I said indirectly. Through FDIC all banks are liabilities, and they own the stocks. The feds do what the banks tell it”
That’s utter and complete nonsense. literally nonsensical. You should stop.
I think you should stop telling me to stop, loser.
Everyone knows the fed is dependent on stock prices and thus all prices are false, and all analysis arching back to previous happenings are wrong as a result.
But that is for another audience, as trolls like you want to stop others from discussing.
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