CONSUMER CONFIDENCE SOARS IN MAY TO HIGHEST READING SINCE 2007

Business Insider ^ | 5-31-2013 | Matthew Boesler

[blam]

CONSUMER CONFIDENCE SOARS IN MAY TO HIGHEST READING SINCE 2007

Matthew Boesler
May 31, 2013, 9:55 AM

Brady Hoke

UPDATE: The consumer confidence report is out.

The headline index rose to 84.5 in May from 76.4 in April.

Economists expected the number to come in at 83.7, matching the preliminary estimate published by the University of Michigan earlier this month.

The economic conditions sub-index rose to 98.0 from 89.9 in April, exceeding the preliminary May estimate of 97.5.

The economic outlook sub-index rose to 75.8 from 67.8 in April, beating the preliminary estimate of 74.8.

Inflation expectations one year ahead and five years ahead were both unchanged from April at 3.1% and 2.9%, respectively.

[MrB]

There are ways to reduce your tax burden on your primary income by having a side business, especially real estate rentals.

Schedule F is also a nice income reducing strategy as well.

And, you can combine your hard, durable equipment purchases with the latter strategy...

[Gaffer]

Agree.... did this for many ears.

[ScottinVA]

Amazing how markets can move on a reading of consumer confidence driven by rosy developments that have since been superseded by other less than rosy ones.

[ScottinVA]

Could it be that people see the Obama administration on the ropes and hope that he and some of his people will be impeached

Most people aren't really even paying attention to anything but what benefits they get.

[SoFloFreeper]

[Cheerio]

So true! Until the 53% start fighting back and going Galt, reducing their tax bites, and preparing for what is to come.

I can think of one convsrative that took the Galt route this week.

[Cheerio]

Someone turned off the spell checker!! CONSERVATIVE