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Consumer Confidence Surges

TRICK OR (HOLIDAY) TREAT? By FITSNEWS || “Ebola, Sch-ebola.” U.S. consumers shook off the threat of a deadly virus – as well as some serious market turbulence – to post the best consumer confidence mark in years in October.  The Conference Board’s key index soared to 94.5 this month – the…

TRICK OR (HOLIDAY) TREAT?

By FITSNEWS || “Ebola, Sch-ebola.”

U.S. consumers shook off the threat of a deadly virus – as well as some serious market turbulence – to post the best consumer confidence mark in years in October.  The Conference Board’s key index soared to 94.5 this month – the highest it’s been since October 2007.

Impressive, right?  That’s certainly the idea …

And while the measure’s “present situation” metric barely budged, there is unbridled optimism moving forward – with the “expectations” side of the measure soaring from 83.7 to 95.0, the highest it’s been since 2011.

Interesting …

With stagnant income growth and 93 million working age Americans not in the labor pool, we see very little reason for consumer optimism.  But let’s hope we’re wrong … and these numbers are right.  With the 2014 holiday shopping season around the corner it would be a very opportune time for “hope” to make a comeback.

***

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15 comments

Just another guy October 28, 2014 at 1:42 pm

It is all about the price of Gas and also no one is getting fired right now (Historically low amount at least)

Reply
Oh well October 28, 2014 at 1:43 pm

I always find it funny how many commenters here are always crying the sky is falling. But then again, they’re only regurgitating what they’re fed.

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Tom October 28, 2014 at 4:09 pm

On the Fake News Network.

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Tom October 28, 2014 at 4:09 pm

On the Fake News Network.

Reply
Bible Thumper October 28, 2014 at 1:46 pm

The public is factoring in a Republican mid-term landslide.

Reply
Evolution is Real October 28, 2014 at 4:07 pm

The evolution of Republican though on the economy. 2008 through today

2008 – The economy sucks but don’t blame Bush.
2009 – The economy is not getting better, Obama sucks
2011 – The economy is getting better, but not fast enough. Obama sucks
2012 – The economy appears to be getting better, but its not really. Obama sucks.
2013 – Ok, the economy is better, but it won’t last. Obama sucks
2014 – The economy is better, and appears to be holding its own, but that is all due to Republicans, Obama sucks.

Reply
Bible Thumper October 28, 2014 at 4:11 pm

And the stategy works beautifully.

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Bible Thumper October 28, 2014 at 4:11 pm

And the stategy works beautifully.

Reply
Tom October 29, 2014 at 9:25 am

If you are brain dead, or a Fox News watcher. Probably the same thing.

Reply
SC Political Digest October 28, 2014 at 2:04 pm

Yeah, right…and jobs are plentiful, Global Warming is real, Obamacare works and there is no inflation.

As long as Dumb@$$#$ like FITS, swill the feces, Obama and the media will feed it to them….

Reply
Everybody October 28, 2014 at 2:29 pm

Just because you refuse to get a job doesn’t mean they aren’t out there. If you would actually leave the house every now and then, you might realize that things aren’t that bad.

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Derp October 28, 2014 at 2:32 pm

No jobs? That’s like saying SC Political Digest has no visitors, so nobody uses the Internet.

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Buz Martin October 28, 2014 at 3:11 pm

It’s the Sexy Ebola Nurse costumes. That did it.

Reply
9" October 28, 2014 at 8:12 pm

I’m lost in the supermarket

http://www.youtube.com/watch?v=qsrEAWcAvRg

Reply
9" October 28, 2014 at 10:10 pm

Sorry to interrupt,but The Allman Brothers are playing their last show tonight at The Beacon in NYC.Here’s a very short clip from a show I attended in 1970…

http://www.youtube.com/watch?v=mcAph-PqJP0

Reply

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