MEASURE DOWN FOR FIFTH WEEK IN A ROW
|| By FITSNEWS || A key measure of the U.S. economy continued its month-long slide this week … dropping for the fifth week in a row. Bloomberg’s Consumer Comfort Index (CCI) currently stands at 40.3 on its scale of zero to 100 – down modestly from last week’s 40.5 reading.
“Still, the index has dropped numerically for five straight weeks, losing 3.7 points in total,” the analysts who compile the data noted. “It’s at its second lowest level since November, 3.4 points off its 2015 average.”
Take a look …
(Click to enlarge)
(Pic via Bloomberg)
Published weekly since December 1985, the CCI records Americans’ views on three key items: The national economy, the buying climate and their personal finances. Produced by Langer Research Associates, CCI data is based on 1,000 national random-sample landline and cellular telephone interviews, 250 per week (in a four-week rolling average).
While Americans’ view of the national economy has improved somewhat in recent weeks, “the CCI’s personal finance subindex continued its nosedive.”
“It’s dropped 2.3 points in a week and 5.2 points in the past two, to its lowest level in nine months,” analysts observed.
In other words, the “everything is awesome” propaganda hasn’t reached people’s bottom lines … which is where the real economic growth takes place.
8 comments
So, whenever the line falls, we get another post about how bad consumer confidence is, even though the line is still going up overall?
Right. It’s still higher than a year ago. Buy Gold. Buy Gold.
You seem to have a hard time w/ reality because the DNC stuffs Bullshit down your throats.
The economy has sucked for almost 7 years, now. Don’t get pissed just because even the dumbasses at FITNews are figuring it out.
No. It sucked really bad in 2008, particularly when that $4 a gallon gas hit. It started getting better in late 2009. Today we have 5.5% unemployment, 6% annual property appreciation, a strong stock market, strong dollar and a net exporter of energy. But see, you never leave your trailer park, so you’d never know. How do you get internet in there anyway, do you tether to your Obamaphone?
“In other words, the “everything is awesome” propaganda hasn’t reached people’s bottom lines”
So you are admitting your effort to prop up that fucking idiot named Obama has failed, just like your campaign for Democrat Tom Ervin….
I live in Crapville, it’s a crappy place to be. It’s summer, in old Crapvile, and I ain’t got AC. Crapville is usually pretty cool, but in the summer it gets real hot. I live in Crapville, do we got smarts – or not!!
I might change my mind. In my house, things are good. But last night I went over to Tango’s for dinner. I was expecting chicken, hoping for steak, but all I gut was cheeze-wiz and crackers. I asked him, “Tango, can’t you afford something better than this.” Then he informed me he refused to work in a country run by a socialist. Then I realized, he’s make a moral point, starving like the Apostles to prove his piety. So I left, hit a Lizards Thicket near Lexington and then drove back home.
‘But last night I went over to Tango’s for dinner.’ I went over to Tango’s (house/shack/tent/camper/cave/ cardboard box …????) for dinner.