U.S. consumer confidence surged more than expected in November

[CADsortaGUY]

The University of Michigan's index of consumer sentiment for November raced to 93.5 in a preliminary reading, well above economists' median forecast of 91.0 and a final reading in October of 89.6

Well, seems that this index has seen a rise.

CkG

 

[Witling]

Cad, let's meet here in January '04. I bet you Christmas spending sucks.

 

[SuperTool]

Not to rain in on your economy "mission accomplished" parade, if consumers are so confident why did retail sales fall?
http://wireservice.wired.com/wired/story.asp?section=Breaking&storyId=798831&tw=wn_wire_story

 

[CADsortaGUY]

Originally posted by: SuperTool
Not to rain in on your economy "mission accomplished" parade, if consumers are so confident why did retail sales fall?
http://wireservice.wired.com/wired/story.asp?section=Breaking&storyId=798831&tw=wn_wire_story

Because car sales fell a tad as did the cost of fuel(gas)

on weaker auto demand

sales at gasoline stations slipped 1.6 percent

Both from your link.

CkG

 

[SuperTool]

Originally posted by: CADkindaGUY

Originally posted by: SuperTool
Not to rain in on your economy "mission accomplished" parade, if consumers are so confident why did retail sales fall?
http://wireservice.wired.com/wired/story.asp?section=Breaking&storyId=798831&tw=wn_wire_story

Because car sales fell a tad as did the cost of fuel(gas)

on weaker auto demand

sales at gasoline stations slipped 1.6 percent

Both from your link.

CkG

So if consumers are so much more confident, why aren't they buying cars?

 

[CADsortaGUY]

Originally posted by: SuperTool
So if consumers are so much more confident, why aren't they buying cars?

Auto sales ease in October after torrid September

due in large part to the pull-ahead effect of a September selldown of old inventory

Analysts for the automakers took the figures in stride, saying the sluggish sales pace was normal after the all-out marketing frenzy in September when incentives on 2003 vehicles hit a record high

"Industry sales in October are traditionally soft," said Jim Press, chief executive officer of Toyota Motor Sales

I don't know.

CkG

 

[dmcowen674]

Originally posted by: CADkindaGUY
The University of Michigan's index of consumer sentiment for November raced to 93.5 in a preliminary reading, well above economists' median forecast of 91.0 and a final reading in October of 89.6

Well, seems that this index has seen a rise.

CkG

WTF - We're only half way through November. What are they pulling on a slot machine at the school???

 

[mastertech01]

Having worked in the Auto industry for many years, I can assure you that even in the best of economies we do have slow sales periods. We arent selling 15.00 childrens toys.

 

[ElFenix]

Originally posted by: dmcowen674

Originally posted by: CADkindaGUY
The University of Michigan's index of consumer sentiment for November raced to 93.5 in a preliminary reading, well above economists' median forecast of 91.0 and a final reading in October of 89.6

Well, seems that this index has seen a rise.

CkG

WTF - We're only half way through November. What are they pulling on a slot machine at the school???

a month ago whent the prelims for october came out you took a sh!t all over them and now you're doing the same thing. it was explained then how they get their numbers. and i guarantee it works exactly the same way now. pull your head out of the sand man!

 

[CADsortaGUY]

Originally posted by: Whitling
Cad, let's meet here in January '04. I bet you Christmas spending sucks.

Retailers looking for sweet holidays

OK then...I guess we'll see who's right. I'll go with the expert's forcasts and index trends and your can go with pessimism then we'll meet once the holiday numbers are in

CkG

 

[UltraQuiet]

Originally posted by: CADkindaGUY

Originally posted by: Whitling
Cad, let's meet here in January '04. I bet you Christmas spending sucks.

Retailers looking for sweet holidays

OK then...I guess we'll see who's right. I'll go with the expert's forcasts and index trends and your can go with pessimism then we'll meet once the holiday numbers are in

CkG

Save yourself an argument in January, Cad and make him define "sucks" now.

 

[CADsortaGUY]

Originally posted by: Ultra Quiet

Originally posted by: CADkindaGUY

Originally posted by: Whitling
Cad, let's meet here in January '04. I bet you Christmas spending sucks.

Retailers looking for sweet holidays

OK then...I guess we'll see who's right. I'll go with the expert's forcasts and index trends and your can go with pessimism then we'll meet once the holiday numbers are in

CkG

Save yourself an argument in January, Cad and make him define "sucks" now.

Yeah, I suppose - but I doubt he'll define it now...or later. He'll just use one little data point and say the sky is falling like other's seem to do around here. It doesn't matter though - the economy is looking up and the nay-sayers have less and less to stand on.
We'll see in January or so About the only thing that'll make him right is a major attack.

CkG