Stocks climb as consumers buy cars..

[IGBT]

Text

..the numbers don't lie..people are buying autos and homes. The economy is doing fine and retail sales back it up.


The numbers offer more evidence "that the economy is doing fine," Robert MacIntosh, chief economist at Eaton Vance Management, told Reuters. But "spending at 0.8% is really not sustainable," MacIntosh added.



Stocks stayed firmly in the green at midday after opening higher on healthy consumer spending.

 

[piasabird]

This just means that people saw the lower interest rates and purchased what they could as long as they could get a good deal. If the economy was so good you would not see car manufacturers offering everyone their employee discount.

 

[Todd33]

I just bought a car. As for the economy, it seems to be held together by strings and glue. Chinese buying up our debt, keeping the dollar strong and interest low. How long can we drive up the deficit and keep this artificial home boom going? What do conservatives conserve?

 

[AWCC]

I bought a car too just recently.

My employer is hiring people like crazy. They've gone from like 15 employees to 22 employees this year and are looking to hire more.

(Conservatives are bad, this must be a conspiracy)

 

[halik]

Originally posted by: IGBT
Text

..the numbers don't lie..people are buying autos and homes. The economy is doing fine and retail sales back it up.


The numbers offer more evidence "that the economy is doing fine," Robert MacIntosh, chief economist at Eaton Vance Management, told Reuters. But "spending at 0.8% is really not sustainable," MacIntosh added.



Stocks stayed firmly in the green at midday after opening higher on healthy consumer spending.

i think those pay what we pay things worked out... go figure

 

[BoberFett]

Originally posted by: piasabird
This just means that people saw the lower interest rates and purchased what they could as long as they could get a good deal. If the economy was so good you would not see car manufacturers offering everyone their employee discount.

True, true. And it's not like Americans need any more personal debt.

 

[umbrella39]

Originally posted by: IGBT
Text

..the numbers don't lie..people are buying autos and homes. The economy is doing fine and retail sales back it up.

The numbers offer more evidence "that the economy is doing fine," Robert MacIntosh, chief economist at Eaton Vance Management, told Reuters. But "spending at 0.8% is really not sustainable," MacIntosh added.

Stocks stayed firmly in the green at midday after opening higher on healthy consumer spending.

Got any proof that the economy is doing great and not personal debt that is doing the buying? Cars, yep loans. Homes, yep loans. Retail sales, yep Credit Card debt. Not really proof of anything bud. For those of us who DON'T use Credit Cards or borrow money to make purchases and depend on our Bank Accounts to do the buying for us, things are not so hot. I am just thankful I ruined my credit years ago and can't go on mad spending sprees with money I don't yet have. Take that Capital One!

 

[TastesLikeChicken]

Originally posted by: BoberFett

Originally posted by: piasabird
This just means that people saw the lower interest rates and purchased what they could as long as they could get a good deal. If the economy was so good you would not see car manufacturers offering everyone their employee discount.

True, true. And it's not like Americans need any more personal debt.

Actually it's not true. A good economy does not guarantee good corporate performance (the economy wasn't that bad when Chrysler had to be bailed out). American auto manufacturer's made a valiant effort in the 90 to catch up with foreign auto makers on design, features, and quality and did well. Once they caught up fairly close, they rested on their laurels. Neither GM, Ford, or Dodge have put out any really compelling new car designs over the past few years (though the Solstice may change that slightly) and their quality has been tailing off, again. They are bringing this upon themselves because foreign car sales are still strong in the US. The buyers are there. It's just that the American companies' products suck.

 

[boredhokie]

I agree with chicken, I think people bought more Fords, Chevys and Chryslers because they were selling them for what the cars are really worth. You don't see BMW or Toyota offering huge discounts and they sell their cars just fine. The companies would do much better if they stopped selling garbage.

 

[daveshel]

The auto industry dropped its drawers to generate sales. This is economic upturn?

 

[BushBasha]

Originally posted by: umbrella39
I am just thankful I ruined my credit years ago and can't go on mad spending sprees with money I don't yet have. Take that Capital One!

You really showed them.

 

[umbrella39]

Originally posted by: BushBasha

Originally posted by: umbrella39
I am just thankful I ruined my credit years ago and can't go on mad spending sprees with money I don't yet have. Take that Capital One!

You really showed them.

Yes I did. And I paid them off, kthx. Got anything to add to the thread or are you just going to fling poop?

 

[Todd33]

Originally posted by: umbrella39

Originally posted by: BushBasha

Originally posted by: umbrella39
I am just thankful I ruined my credit years ago and can't go on mad spending sprees with money I don't yet have. Take that Capital One!

You really showed them.

Yes I did. And I paid them off, kthx. Got anything to add to the thread or are you just going to fling poop?

He's one of the new trolls. I think people are recruiting from the AnnCoulter.com forums.

 

[imported_tss4]

Originally posted by: umbrella39

Originally posted by: BushBasha

Originally posted by: umbrella39
I am just thankful I ruined my credit years ago and can't go on mad spending sprees with money I don't yet have. Take that Capital One!

You really showed them.

Yes I did. And I paid them off, kthx. Got anything to add to the thread or are you just going to fling poop?

Its just that what you said was a little weird. Seems you'd be thankful that you learned your lesson, as oppsed to thankful that you ruined your credit. But more power to you that you have your finances under control.

 

[umbrella39]

Originally posted by: tss4

Originally posted by: umbrella39

Originally posted by: BushBasha

Originally posted by: umbrella39
I am just thankful I ruined my credit years ago and can't go on mad spending sprees with money I don't yet have. Take that Capital One!

You really showed them.

Yes I did. And I paid them off, kthx. Got anything to add to the thread or are you just going to fling poop?

Its just that what you said was a little weird. Seems you'd be thankful that you learned your lesson, as oppsed to thankful that you ruined your credit. But more power to you that you have your finances under control.

LOL. I am thankful. I can qualify for credit cards now (sure the credit limit would be low) but will NEVER, and mean NEVER get another one. If I don't have the money, I don't buy the goods. My home loan is at year 10 of 30 and I lease from Ford. When the lease is up, I lease again. Sure, there are a lot of things I would like to buy on credit but thankfully, I can't 🙂 Took a while to pay off the bad debts and that left a bad enough taste to never want credit cards again. Plus the bonus of not really having to worry too much about identity theft. If someone were able to open one in my name, the limit would be pretty darn low and more than likely require a nice up front fee from the would be scammer to get the card issued.

 

[dmcowen674]

Originally posted by: daveshel
The auto industry dropped its drawers to generate sales. This is economic upturn?

The Republicans have an endless supply of carrots at the expense of many many future generations.

Doesn't matter since their will be no U.S. for the future generations anyway. <Shrugs>

 

[Jave]

Good for short term but I see lay offs coming. Lesser profits will reduce the stock value very soon.