What planet do these people live on? Bizzaro world?
What planet do these people live on? Bizzaro world?
“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.
Preppers. I know I’m buying a little more to stock up.
Who does Fox News expect to believe this BS?
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.
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....
Pravda working overtime!
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.
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.