Consumers less worried about economy

[zendari]

Text

WASHINGTON - Consumer confidence emerged from a funk. With gasoline prices moderating, people are feeling better ? but not ebullient ? about the economy's prospects and their own.

he RBC CASH index, based on polling by Ipsos, showed that consumer confidence rebounded in November to a reading of 81. That marked an improvement from October's 66.8 and September's showing of 61.5, the lowest since early March 2003, when the nation was on the brink of war.

The low confidence readings seen in the previous two months reflected public horror and anxiety over the deadly hurricanes that ravaged the Gulf Coast, destroying businesses and choking commerce. The storms hobbled crucial oil and gas facilities, sending oil prices past $70 a barrel and gasoline prices above $3 a gallon.

Those price surges have calmed down. Oil prices are hovering below $58 a barrel and gasoline prices are averaging about $2.35 a gallon.

Analysts say that is helping to lift consumers' spirits.

"The fact that prices have come down makes people feel better and they think the future looks better," said Bill Cheney, chief economist at John Hancock Financial Services. The fading sense of dismay about the hurricanes ? at least for the people not directly uprooted by them ? was cited as a reason for the revival in consumer confidence in November.


It looks like the people aren't buying into Democratic propaganda. The economy is rising thanks to the tax cuts passed with the help of the administration.

 

[techs]

Originally posted by: zendari
Text

WASHINGTON - Consumer confidence emerged from a funk. With gasoline prices moderating, people are feeling better ? but not ebullient ? about the economy's prospects and their own.

he RBC CASH index, based on polling by Ipsos, showed that consumer confidence rebounded in November to a reading of 81. That marked an improvement from October's 66.8 and September's showing of 61.5, the lowest since early March 2003, when the nation was on the brink of war.

The low confidence readings seen in the previous two months reflected public horror and anxiety over the deadly hurricanes that ravaged the Gulf Coast, destroying businesses and choking commerce. The storms hobbled crucial oil and gas facilities, sending oil prices past $70 a barrel and gasoline prices above $3 a gallon.

Those price surges have calmed down. Oil prices are hovering below $58 a barrel and gasoline prices are averaging about $2.35 a gallon.

Analysts say that is helping to lift consumers' spirits.

"The fact that prices have come down makes people feel better and they think the future looks better," said Bill Cheney, chief economist at John Hancock Financial Services. The fading sense of dismay about the hurricanes ? at least for the people not directly uprooted by them ? was cited as a reason for the revival in consumer confidence in November.


It looks like the people aren't buying into Democratic propaganda. The economy is rising thanks to the tax cuts passed with the help of the administration.

It would see wise for you not to post any type of economic threads with your parties record but since you did let the facts flow freely.

 

[charrison]

Originally posted by: techs

Originally posted by: zendari
Text

WASHINGTON - Consumer confidence emerged from a funk. With gasoline prices moderating, people are feeling better ? but not ebullient ? about the economy's prospects and their own.

he RBC CASH index, based on polling by Ipsos, showed that consumer confidence rebounded in November to a reading of 81. That marked an improvement from October's 66.8 and September's showing of 61.5, the lowest since early March 2003, when the nation was on the brink of war.

The low confidence readings seen in the previous two months reflected public horror and anxiety over the deadly hurricanes that ravaged the Gulf Coast, destroying businesses and choking commerce. The storms hobbled crucial oil and gas facilities, sending oil prices past $70 a barrel and gasoline prices above $3 a gallon.

Those price surges have calmed down. Oil prices are hovering below $58 a barrel and gasoline prices are averaging about $2.35 a gallon.

Analysts say that is helping to lift consumers' spirits.

"The fact that prices have come down makes people feel better and they think the future looks better," said Bill Cheney, chief economist at John Hancock Financial Services. The fading sense of dismay about the hurricanes ? at least for the people not directly uprooted by them ? was cited as a reason for the revival in consumer confidence in November.


It looks like the people aren't buying into Democratic propaganda. The economy is rising thanks to the tax cuts passed with the help of the administration.

It would see wise for you not to post any type of economic threads with your parties record but since you did let the facts flow freely.

And you should not post at all givien you have no clue about the current state of the economy. So far your posts included many false statements. And for some reason when i pointed them out, you just leave the thread.

 

[techs]

Originally posted by: charrison

Originally posted by: techs

Originally posted by: zendari
Text

WASHINGTON - Consumer confidence emerged from a funk. With gasoline prices moderating, people are feeling better ? but not ebullient ? about the economy's prospects and their own.

he RBC CASH index, based on polling by Ipsos, showed that consumer confidence rebounded in November to a reading of 81. That marked an improvement from October's 66.8 and September's showing of 61.5, the lowest since early March 2003, when the nation was on the brink of war.

The low confidence readings seen in the previous two months reflected public horror and anxiety over the deadly hurricanes that ravaged the Gulf Coast, destroying businesses and choking commerce. The storms hobbled crucial oil and gas facilities, sending oil prices past $70 a barrel and gasoline prices above $3 a gallon.

Those price surges have calmed down. Oil prices are hovering below $58 a barrel and gasoline prices are averaging about $2.35 a gallon.

Analysts say that is helping to lift consumers' spirits.

"The fact that prices have come down makes people feel better and they think the future looks better," said Bill Cheney, chief economist at John Hancock Financial Services. The fading sense of dismay about the hurricanes ? at least for the people not directly uprooted by them ? was cited as a reason for the revival in consumer confidence in November.


It looks like the people aren't buying into Democratic propaganda. The economy is rising thanks to the tax cuts passed with the help of the administration.

It would see wise for you not to post any type of economic threads with your parties record but since you did let the facts flow freely.

And you should not post at all givien you have no clue about the current state of the economy. So far your posts included many false statements. And for some reason when i pointed them out, you just leave the thread.

Lets see:
The stock market hasn't moved in 5 years.
Good jobs are being replaced by lower paying, lower benefit jobs.
Real income has gone down for 3 straight years.
Without the borrowed money (over a trillion dollars) pumped into the economy by the Bush deficits we would be in a depression.
More people continue to lose their health insurance.
We face unbelievably huge deficits in just a few years while and we are continuing to borrow and spend as if we haven't a care in the world.
Thirty percent of new mortgages in the last 2 years have been for "interest only" and now the mortgage rate is up to 6 percent and bankruptcies are going up accordingly.

Just the highlights of the Bush economy.

 

[charrison]

Originally posted by: techs

Originally posted by: charrison

Originally posted by: techs

Originally posted by: zendari
Text

WASHINGTON - Consumer confidence emerged from a funk. With gasoline prices moderating, people are feeling better ? but not ebullient ? about the economy's prospects and their own.

he RBC CASH index, based on polling by Ipsos, showed that consumer confidence rebounded in November to a reading of 81. That marked an improvement from October's 66.8 and September's showing of 61.5, the lowest since early March 2003, when the nation was on the brink of war.

The low confidence readings seen in the previous two months reflected public horror and anxiety over the deadly hurricanes that ravaged the Gulf Coast, destroying businesses and choking commerce. The storms hobbled crucial oil and gas facilities, sending oil prices past $70 a barrel and gasoline prices above $3 a gallon.

Those price surges have calmed down. Oil prices are hovering below $58 a barrel and gasoline prices are averaging about $2.35 a gallon.

Analysts say that is helping to lift consumers' spirits.

"The fact that prices have come down makes people feel better and they think the future looks better," said Bill Cheney, chief economist at John Hancock Financial Services. The fading sense of dismay about the hurricanes ? at least for the people not directly uprooted by them ? was cited as a reason for the revival in consumer confidence in November.


It looks like the people aren't buying into Democratic propaganda. The economy is rising thanks to the tax cuts passed with the help of the administration.

It would see wise for you not to post any type of economic threads with your parties record but since you did let the facts flow freely.

And you should not post at all givien you have no clue about the current state of the economy. So far your posts included many false statements. And for some reason when i pointed them out, you just leave the thread.

Lets see:
1.The stock market hasn't moved in 5 years.
2,Good jobs are being replaced by lower paying, lower benefit jobs.
3.Real income has gone down for 3 straight years.
4l Without the borrowed money (over a trillion dollars) pumped into the economy by the Bush deficits we would be in a depression.
5.More people continue to lose their health insurance.
6.We face unbelievably huge deficits in just a few years while and we are continuing to borrow and spend as if we haven't a care in the world.
7Thirty percent of new mortgages in the last 2 years have been for "interest only" and now the mortgage rate is up to 6 percent and bankruptcies are going up accordingly.

Just the highlights of the Bush economy.

1. Well the market has recovered from the false highs of the dot com bust. No matter who was in office, this would have happened. Care to prove otherwise? You have not offered any proof so far.

2. there is no evidence of that.

3. Wages to appear to be on the stagnent side. but we are still up significantly from 10 years ago. If you a marketable skill.trade or education you are doing pretty. Those with just a high school education or less are struggling. Once again, the economy is changing and has little to do with the current admin.

4.Htere is no basis for this statement at all. The huge deficts we have had in the past few year are not as bad as past deficits when adjusted for inflation. NOr are they bad when compared to debt to gdp. It appears our gdp is growing faster than debt at this point.

5.No doubt there a problems with rising health care cost. Maybe we need to get congress to investigate the gouging that is going on here. BUt once again, nothing to do with current admin.

6. Deficts are failing in relation to gdp. IF the growth continues the defecits could very well take care of themselve. Much like the growing economy in the late 1990s did. A ittle fiscal restraint from both parties would be nice, but the coburn amemdment shows neither party is interested.


7. As someone who has a mortage at 6.75 i am not complaing about it going up to 6%. 6% on mortgage is only hurting those that bought more house than they could afford on an ARM or other variable interest mortgage. Once again nothing to do with the current admin.


So it really appears you only know lies and half truths. Come back when you can back up your claims. Oh wait you wont be able....

 

[Genx87]

Originally posted by: techs

Originally posted by: charrison

Originally posted by: techs

Originally posted by: zendari
Text

WASHINGTON - Consumer confidence emerged from a funk. With gasoline prices moderating, people are feeling better ? but not ebullient ? about the economy's prospects and their own.

he RBC CASH index, based on polling by Ipsos, showed that consumer confidence rebounded in November to a reading of 81. That marked an improvement from October's 66.8 and September's showing of 61.5, the lowest since early March 2003, when the nation was on the brink of war.

The low confidence readings seen in the previous two months reflected public horror and anxiety over the deadly hurricanes that ravaged the Gulf Coast, destroying businesses and choking commerce. The storms hobbled crucial oil and gas facilities, sending oil prices past $70 a barrel and gasoline prices above $3 a gallon.

Those price surges have calmed down. Oil prices are hovering below $58 a barrel and gasoline prices are averaging about $2.35 a gallon.

Analysts say that is helping to lift consumers' spirits.

"The fact that prices have come down makes people feel better and they think the future looks better," said Bill Cheney, chief economist at John Hancock Financial Services. The fading sense of dismay about the hurricanes ? at least for the people not directly uprooted by them ? was cited as a reason for the revival in consumer confidence in November.


It looks like the people aren't buying into Democratic propaganda. The economy is rising thanks to the tax cuts passed with the help of the administration.

It would see wise for you not to post any type of economic threads with your parties record but since you did let the facts flow freely.

And you should not post at all givien you have no clue about the current state of the economy. So far your posts included many false statements. And for some reason when i pointed them out, you just leave the thread.

Lets see:
The stock market hasn't moved in 5 years.

Stock market is not a good indicator of economic vitality.

Good jobs are being replaced by lower paying, lower benefit jobs.

While you keep spewing this avg hourly wages continue to rise.

Real income has gone down for 3 straight years.

I'd like to see proof.

Without the borrowed money (over a trillion dollars) pumped into the economy by the
Bush deficits we would be in a depression.

Bunch o crap

More people continue to lose their health insurance.

How is that a sign of a poor economy?

We face unbelievably huge deficits in just a few years while and we are continuing to borrow and spend as if we haven't a care in the world.

Deficits running about 2.5-3.0% of our GDP. This isnt entirely out of line with past administrations. Granted I think we would all like a balanced budget, this deficit crying is overdone.

Thirty percent of new mortgages in the last 2 years have been for "interest only" and now the mortgage rate is up to 6 percent and bankruptcies are going up accordingly.

How is that a sign of a poor economy? That is a sign of a hot real estate market.

Just the highlights of the Bush economy.

Should read "Democratic talking points, signed Howard Dean".

 

[Todd33]

It looks like the people aren't buying into Democratic propaganda. The economy is rising thanks to the tax cuts passed with the help of the administration.

Can anyone give me a link to the DNC or major Democrat leaders "propaganda" about the economy? OP?

I agree on the second point, a trillion dollars of borrowed money dumped into the economy has kept it flat instead of going down. Is that an accomplishment? We have 4 million more people in poverty and most people in the middle are not doing better by any real measure. It's not doom and gloom, it's just deficit spending, or more accurately short term spending at the expense of the future. I could make my household look prosperous by dumping debt onto my CC each month, is that a real measure of doing good?

Bottom line is the current batch of "conservatives" are just spending pigs, using their 8 years to pillage the treasury for their corporate fat cat friends. This isn't good for country no matter what partisan badge you wear.

 

[ElFenix]

a trillion dollars borrowed didn't magically appear out of nowhere. most of those dollars would have been borrowed by people in the economy regardless.

and the deficits and debt are lower than many other first world countries in relation to their GDP.

 

[techs]

OMG you really have been brainwashed!

 

[Genx87]

Originally posted by: techs
OMG you really have been brainwashed!

And the rebuttle is in!

 

[zendari]

Originally posted by: Todd33

It looks like the people aren't buying into Democratic propaganda. The economy is rising thanks to the tax cuts passed with the help of the administration.

Can anyone give me a link to the DNC or major Democrat leaders "propaganda" about the economy? OP?

I agree on the second point, a trillion dollars of borrowed money dumped into the economy has kept it flat instead of going down. Is that an accomplishment? We have 4 million more people in poverty and most people in the middle are not doing better by any real measure. It's not doom and gloom, it's just deficit spending, or more accurately short term spending at the expense of the future. I could make my household look prosperous by dumping debt onto my CC each month, is that a real measure of doing good?

4 million people in poverty isn't a big deal; given increases in population its a similar % to that during the Clinton administration.

 

[Pabster]

:thumbsup:

Consumer Confidence going up is always a good thing.

So much for the gloom and doomers.

 

[Todd33]

Originally posted by: zendari
4 million people in poverty isn't a big deal; given increases in population its a similar % to that during the Clinton administration.

http://www.census.gov/hhes/www/poverty/histpov/hstpov2.html

Poverty rate went down pretty much all the of the Clinton years and up the Bush years.

Now does this prove anything? Well, that you lie, but beyond that the point I was making is that for every positive economic measure there 1.1 that are negative. The economy is not great and is not horrible, it's kind of flat. What is bad is the fact they we are spending $350B a year (not counting war spending) for an economy that is flat and with the middle getting squeezed by medical expenses, gas prices, etc.

 

[zendari]

Originally posted by: Todd33

Originally posted by: zendari
4 million people in poverty isn't a big deal; given increases in population its a similar % to that during the Clinton administration.

http://www.census.gov/hhes/www/poverty/histpov/hstpov2.html

Poverty rate went down pretty much all the of the Clinton years and up the Bush years.

Now does this prove anything? Well, that you lie, but beyond that the point I was making is that for every positive economic measure there 1.1 that are negative. The economy is not great and is not horrible, it's kind of flat. What is bad is the fact they we are spending $350B a year (not counting war spending) for an economy that is flat and with the middle getting squeezed by medical expenses, gas prices, etc.

Poverty in 1997: 13.3%
Poverty in 2004: 12.7%

Yup, still lower than Clinton at this point into his 2nd term.

 

[Genx87]

Originally posted by: Todd33

Originally posted by: zendari
4 million people in poverty isn't a big deal; given increases in population its a similar % to that during the Clinton administration.

http://www.census.gov/hhes/www/poverty/histpov/hstpov2.html

Poverty rate went down pretty much all the of the Clinton years and up the Bush years.

Now does this prove anything? Well, that you lie, but beyond that the point I was making is that for every positive economic measure there 1.1 that are negative. The economy is not great and is not horrible, it's kind of flat. What is bad is the fact they we are spending $350B a year (not counting war spending) for an economy that is flat and with the middle getting squeezed by medical expenses, gas prices, etc.

Yes negative, we know this is what liberalism is about now a days, how negative an image can you project.

Thank you for reinforcing it.

edit: btw in 2004 we saw a 4.2% increase in gdp over the previous year. At this point in Clintons presidency a gain like that hadnt happened yet. And the highest gain he achieved was 4.5%

 

[umbrella39]

The linked article stated this:

"The RBC CASH index, based on polling by Ipsos, showed that consumer confidence rebounded in November to a reading of 81."

November? It's only the 2nd week in November and they have November's figures already? Anyhow, just a few days ago we heard this:

"ANN ARBOR. Following the substantial plunge in confidence in September, the October survey recorded a small additional decline, pushing the confidence index to its lowest level in thirteen years. "The continuing decline in October was due to the cumulative strain of higher prices on the financial situation of consumers," according to Richard Curtin, the Director of the University of Michigan?s Surveys of Consumers.

The Index of Consumer Sentiment was 74.2 in the October 2005 survey, down from 76.9 in the prior month and 96.5 three months ago."

Link

Seems like a pretty sharp decline. I don't think that lower gas prices is going to boost confidence too much if the price of goods is and continues to go up. Hopefully the Christmas season will be good this year for retailers and boost the economy. Seasonal employment is better than no job at all and those newly employed people working in the malls will spend some of that money right back buying their own gifts.

 

[ntdz]

Originally posted by: techs

Originally posted by: charrison

Originally posted by: techs

Originally posted by: zendari
Text

WASHINGTON - Consumer confidence emerged from a funk. With gasoline prices moderating, people are feeling better ? but not ebullient ? about the economy's prospects and their own.

he RBC CASH index, based on polling by Ipsos, showed that consumer confidence rebounded in November to a reading of 81. That marked an improvement from October's 66.8 and September's showing of 61.5, the lowest since early March 2003, when the nation was on the brink of war.

The low confidence readings seen in the previous two months reflected public horror and anxiety over the deadly hurricanes that ravaged the Gulf Coast, destroying businesses and choking commerce. The storms hobbled crucial oil and gas facilities, sending oil prices past $70 a barrel and gasoline prices above $3 a gallon.

Those price surges have calmed down. Oil prices are hovering below $58 a barrel and gasoline prices are averaging about $2.35 a gallon.

Analysts say that is helping to lift consumers' spirits.

"The fact that prices have come down makes people feel better and they think the future looks better," said Bill Cheney, chief economist at John Hancock Financial Services. The fading sense of dismay about the hurricanes ? at least for the people not directly uprooted by them ? was cited as a reason for the revival in consumer confidence in November.


It looks like the people aren't buying into Democratic propaganda. The economy is rising thanks to the tax cuts passed with the help of the administration.

It would see wise for you not to post any type of economic threads with your parties record but since you did let the facts flow freely.

And you should not post at all givien you have no clue about the current state of the economy. So far your posts included many false statements. And for some reason when i pointed them out, you just leave the thread.

Lets see:
The stock market hasn't moved in 5 years.
Good jobs are being replaced by lower paying, lower benefit jobs.
Real income has gone down for 3 straight years.
Without the borrowed money (over a trillion dollars) pumped into the economy by the Bush deficits we would be in a depression.
More people continue to lose their health insurance.
We face unbelievably huge deficits in just a few years while and we are continuing to borrow and spend as if we haven't a care in the world.
Thirty percent of new mortgages in the last 2 years have been for "interest only" and now the mortgage rate is up to 6 percent and bankruptcies are going up accordingly.

Just the highlights of the Bush economy.

Good jobs are being replaced by lower paying, lower benefit jobs.
Without the borrowed money (over a trillion dollars) pumped into the economy by the Bush deficits we would be in a depression.

Prove these points please.

 

[dullard]

Let me state this first. The economy is good now. It has been good for quite some time. But it is on quite rocky foundations. Thus, I'd rather be prepared for the worst, and be pleasantly surprized if things stay good. There is a lot of justified gloom out there. I don't see much justification for doom though.

Originally posted by: charrison
1. Well the market has recovered from the false highs of the dot com bust. No matter who was in office, this would have happened. Care to prove otherwise? You have not offered any proof so far.

You are correct that who is in office doesn't matter much when it comes to stock prices. But on a thread concerning "gloom and doom", the fact that stocks are stagnant DOES add to the feeling of "gloom". President doesn't matter at all for this thread. Simply changing the subject to the president doesn't affect the gloomy stock market returns (Both Techs and Charrison are guilty of trying to politicize this non-political debate in an attempt to change the subject and for some silly reason changing the subject is supposedly a win). Techs wins round #1.

2. there is no evidence of that.

There is minimal evidence. But not enough to cause "doom". Charrison wins round #2.

3. Wages to appear to be on the stagnent side. but we are still up significantly from 10 years ago. If you a marketable skill.trade or education you are doing pretty. Those with just a high school education or less are struggling. Once again, the economy is changing and has little to do with the current admin.

Again, changing the subject to the president doesn't affect the gloom of those who are doing badly. Stagnant wages are a gloomy thing. Techs wins round #3.

4.Htere is no basis for this statement at all. The huge deficts we have had in the past few year are not as bad as past deficits when adjusted for inflation. NOr are they bad when compared to debt to gdp. It appears our gdp is growing faster than debt at this point.

Um, yes there is plenty of evidence that government deficit spending helps the economy temporarilly (until the debt is paid back which temporarilly hurts the economy). When comparing debt to GDP, lets use real numbers. Only twice in history was the debt/GDP ratio higher. (1) There was a massive spike to 122% in WWII, this ratio steadilly dropped to the mid 30% range throughout the 1970s. (2) From 1982 to 1995 the ratio increased, peaking at 67%. It then dropped to 57% in 2001. What is happening now? Back up again. 64% for 2004. There was a slight drop at the beginning of 2005 for that number, but it is back up again, at 64.8%. It is forcasted to go up to ~70% by 2009. That would make it the 2nd highest peak in history. That is a bit of a doomy scenerio. It isn't as bad as WWII, but 2nd highest in history isn't good either. Techs wins round #4.

5.No doubt there a problems with rising health care cost. Maybe we need to get congress to investigate the gouging that is going on here. BUt once again, nothing to do with current admin.

Tech and Charrison, stop making it a political issue. It is still gloomy - which is what this thread is about. The admin COULD give everyone health care, but we know neither side will do that anytime soon. Tie for round #5.

6. Deficts are failing in relation to gdp. IF the growth continues the defecits could very well take care of themselve. Much like the growing economy in the late 1990s did. A ittle fiscal restraint from both parties would be nice, but the coburn amemdment shows neither party is interested.

Deficits are down from last year. But they still just came in at 3rd highest in history. In July, the White House projected deficits to rise again, with a 7% growth over last year's deficit. GDP certainly isn't going to stay growing at 7% (unadjusted), it'll likely be a bit lower. Overall, deficits as a percent of GDP will likely rise a bit. But I'll still call it a tie for round #6.

7. As someone who has a mortage at 6.75 i am not complaing about it going up to 6%. 6% on mortgage is only hurting those that bought more house than they could afford on an ARM or other variable interest mortgage. Once again nothing to do with the current admin.

Once again the current admin has nothing to do with this discussion. Housing is strong now, but there are lots of signs that may be coming to a stand-still. 6.4% is now the average 30 year mortgage. That is historically quite good. But, in some regions there is definately pending doom. Overall though, I doubt nationwide prices will fall. So a narrow win to Charrison in round #7.

Dullard's impartial scoring: Tech 3, Charrison 2, Tie 2.

 

[Rainsford]

Maybe I'm listening to the wrong people, but I hear the righties complaining about the lefty's "doom and gloom" way more than I hear doom and gloom from the actual lefties. It seems like people are starting to feel more confident that the economy is turning around (although it still has a ways to go) and the doom and gloom people are starting to sound more positive. The only people who haven't moved on are people like zendari, who are stuck in the politics of a few years ago.

 

[OneOfTheseDays]

exactly, i mean they keep shouting "gloom and doom" but nobody on the left is really saying anything at all about the imminent destruction of our economy. they way i see it is things are ok right now, could be better. i agree though, we are on very rocky foundations at this point, and i think it's rash and foolish to start celebrating over anything at this point.

 

[nergee]

bettter to be on a rocky foundation than sinking in quicksand......

 

[charrison]

Originally posted by: umbrella39
The linked article stated this:

"The RBC CASH index, based on polling by Ipsos, showed that consumer confidence rebounded in November to a reading of 81."

November? It's only the 2nd week in November and they have November's figures already? Anyhow, just a few days ago we heard this:

"ANN ARBOR. Following the substantial plunge in confidence in September, the October survey recorded a small additional decline, pushing the confidence index to its lowest level in thirteen years. "The continuing decline in October was due to the cumulative strain of higher prices on the financial situation of consumers," according to Richard Curtin, the Director of the University of Michigan?s Surveys of Consumers.

The Index of Consumer Sentiment was 74.2 in the October 2005 survey, down from 76.9 in the prior month and 96.5 three months ago."

Link

Seems like a pretty sharp decline. I don't think that lower gas prices is going to boost confidence too much if the price of goods is and continues to go up. Hopefully the Christmas season will be good this year for retailers and boost the economy. Seasonal employment is better than no job at all and those newly employed people working in the malls will spend some of that money right back buying their own gifts.

Why not it was high gas prices that caused the drop. It would seem dropping gas prices would have the opposit effet.

 

[ntdz]

Originally posted by: Sudheer Anne
exactly, i mean they keep shouting "gloom and doom" but nobody on the left is really saying anything at all about the imminent destruction of our economy. they way i see it is things are ok right now, could be better. i agree though, we are on very rocky foundations at this point, and i think it's rash and foolish to start celebrating over anything at this point.

They aren't?

Let me direct your attention to this thread, entitled "The coming economic disaster: Everyone agrees its coming. Why do people still insist everything is fine?":

http://forums.anandtech.com/messageview...atid=52&threadid=1730805&enterthread=y

 

[Rainsford]

Originally posted by: ntdz

Originally posted by: Sudheer Anne
exactly, i mean they keep shouting "gloom and doom" but nobody on the left is really saying anything at all about the imminent destruction of our economy. they way i see it is things are ok right now, could be better. i agree though, we are on very rocky foundations at this point, and i think it's rash and foolish to start celebrating over anything at this point.

They aren't?

Let me direct your attention to this thread, entitled "The coming economic disaster: Everyone agrees its coming. Why do people still insist everything is fine?":

http://forums.anandtech.com/messageview...atid=52&threadid=1730805&enterthread=y

Proof by hand-picked example? That's a new one.

 

[ntdz]

Originally posted by: Rainsford

Originally posted by: ntdz

Originally posted by: Sudheer Anne
exactly, i mean they keep shouting "gloom and doom" but nobody on the left is really saying anything at all about the imminent destruction of our economy. they way i see it is things are ok right now, could be better. i agree though, we are on very rocky foundations at this point, and i think it's rash and foolish to start celebrating over anything at this point.

They aren't?

Let me direct your attention to this thread, entitled "The coming economic disaster: Everyone agrees its coming. Why do people still insist everything is fine?":

http://forums.anandtech.com/messageview...atid=52&threadid=1730805&enterthread=y

Proof by hand-picked example? That's a new one.

Hand picked example? I could just copy/paste every thread daves makes too if I wanted to.