US consumer confidence booms in November

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CADsortaGUY

CADsortaGUY

Lifer
Oct 19, 2001
25,162
1
76
www.ShawCAD.com
US consumer confidence boomed in November to the highest level in more than a year as the economic recovery gathered pace and labor market gloom began to lift, a survey showed.

<snip>
A consumer confidence index (news - web sites), compiled by the Conference Board (news - web sites) from a survey of 5,000 households, surged 10.0 points from the previous month to 91.7 in November, the highest level since September 2002.
The increase was far steeper than analysts had expected
...
The present situation index surged 13.1 points to 80.1 and the expectations index leapt 7.9 points to 99.4.
"The improvement in the present situation index, especially the jobs component, suggests that consumers believe a slow but sure labor market turnaround is under way," Franco said.
</snips>

CkG
 
G

Genesys

Golden Member
Nov 10, 2003
1,536
0
0
bad news for the dems. thier campaign issues keep falling out from under them.
 
D

DealMonkey

Lifer
Nov 25, 2001
13,136
1
0
Maybe it will be a happy Christmas for retailers this year. Unlike last year. Although, last year I blamed crappy sales - retailers that were supposed to be hurting so badly had some of the crappiest sales I've ever seen. This week's "Black Friday" sales look much more interesting by comparison. :)
 
Red Dawn

Red Dawn

Elite Member
Jun 4, 2001
57,529
3
0
Originally posted by: Genesys
bad news for the dems. thier campaign issues keep falling out from under them.
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With the weak bunch the Dems are running it wouldn't make any difference. A known incompetent with all his faults public knowledge is safer than an unknown buffoon who's faults aren't common knowledge.
 
R

rjain

Golden Member
May 1, 2003
1,475
0
0
The sky is the light from the sun, which is continually falling on our heads. The Democrats were right about that, but maybe they didn't realize that it's perfectly normal and necessary for the survival of life as we know it on this planet. :p
 
D

dirtboy

Diamond Member
Oct 9, 1999
6,745
1
81
Consumer confidence can't be surging because were knee deep in a depression!
rolleye.gif
 
dualsmp

dualsmp

Golden Member
Aug 16, 2003
1,627
45
91
Who said I was a Liberal or Dave? Commie Liberal or a Fascist Neo-con --not much of a choice. Oh BTW, just call me Dick.
 
CADsortaGUY

CADsortaGUY

Lifer
Oct 19, 2001
25,162
1
76
www.ShawCAD.com
Originally posted by: dualsmp
Who said I was a Liberal or Dave? Commie Liberal or a Fascist Neo-con --not much of a choice. Oh BTW, just call me Dick.
Click to expand...

I didn't say you were either. I was pointing out that Dave does the same thing you tried and infact posted about the exact same thing in his Depression thread. For people to ignore the economy's progress is foolish....which fit in nicely with my sig.:)
Now, again(since people often confuse the issue) - I'm not saying the economy is perfect but it has been slowly gaining momentum and strength and then busted out as of late. Jobs are starting to flow again and are predicted to make considerable gains in the next year and beyond. Job flow is necessary - people lose jobs all the time so to point out layoffs by one company or even sector is silly when looking at the overall picture. Does that make it better for those being laid off? Hell no, but there always have been and always will be layoffs. Anyone care to look at the "booming" 90s? Were there no layoffs during that "golden" era? Anyway- Consumer confidence is up..again and is looking to hold strong, trying to dismiss it by pointing out one companies layoffs is absurd.

CkG
 
D

DealMonkey

Lifer
Nov 25, 2001
13,136
1
0
Originally posted by: CADkindaGUY
Originally posted by: DealMonkey
Originally posted by: CADkindaGUY
Check my sig.
CkG
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Yeah, I've seen it. It's not nice to talk down to 1/2 the country, remember? :p
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Half the country's people are liberal economists?:confused:

CkG
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No, that 1/2 the country is ignorant, or that they don't know so much.

 
D

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: CADkindaGUY
Originally posted by: dualsmp
Who said I was a Liberal or Dave? Commie Liberal or a Fascist Neo-con --not much of a choice. Oh BTW, just call me Dick.
Click to expand...

I didn't say you were either. I was pointing out that Dave does the same thing you tried and infact posted about the exact same thing in his Depression thread. For people to ignore the economy's progress is foolish....which fit in nicely with my sig.:)
Now, again(since people often confuse the issue) - I'm not saying the economy is perfect but it has been slowly gaining momentum and strength and then busted out as of late. Jobs are starting to flow again and are predicted to make considerable gains in the next year and beyond. Job flow is necessary - people lose jobs all the time so to point out layoffs by one company or even sector is silly when looking at the overall picture. Does that make it better for those being laid off? Hell no, but there always have been and always will be layoffs. Anyone care to look at the "booming" 90s? Were there no layoffs during that "golden" era? Anyway- Consumer confidence is up..again and is looking to hold strong, trying to dismiss it by pointing out one companies layoffs is absurd.

CkG
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"trying to dismiss it by pointing out one companies layoffs is absurd."

and I'm the one accused of smoking the funny stuff? It's certainly been a Parade of more than one Company.
Some people just don't read or pay attention.

Yes, there is some attempts here and there at gaining Economic Momentum but still without decent job creation and growth. A Dearth of low paying service sector jobs does not make a strong "Busting Out" Economy.
 
CADsortaGUY

CADsortaGUY

Lifer
Oct 19, 2001
25,162
1
76
www.ShawCAD.com
Originally posted by: dmcowen674
"trying to dismiss it by pointing out one companies layoffs is absurd."

and I'm the one accused of smoking the funny stuff? It's certainly been a Parade of more than one Company.
Some people just don't read or pay attention.

Yes, there is some attempts here and there at gaining Economic Momentum but still without decent job creation and growth. A Dearth of low paying service sector jobs does not make a strong "Busting Out" Economy.
Click to expand...

Yes - trying to dismiss the overall economic growth and direction with select layoffs(inspite of overall job creation) is ridiculous. It is equally ridiculous to claim that the net job gains are all low paying Walmart greeter jobs.

Yes - some people need to read and pay attention...;)

CkG
 
CADsortaGUY

CADsortaGUY

Lifer
Oct 19, 2001
25,162
1
76
www.ShawCAD.com
Originally posted by: dualsmp
here's some more.
rolleye.gif


Rubbermaid to lay off 100 Winfield workers

Clio factory to lay off 85 workers by January

Michael Foods Announces Temporary Lay-Off at Its Lenox, Iowa Facility

Boeing to issue 340 new layoff notices
Click to expand...

I repeat...

Yes - trying to dismiss the overall economic growth and direction with select layoffs(inspite of overall job creation) is ridiculous. It is equally ridiculous to claim that the net job gains are all low paying Walmart greeter jobs.

Yes - some people need to read and pay attention...

CkG
 
LunarRay

LunarRay

Diamond Member
Mar 2, 2003
9,993
1
76
In my opinion the single most important factor for any economy is the psychology of the consumer and the supplier. When both are in sync and in a positive frame of mind the economy can't help but be healthy. Even if the underlying factors are not supportive of the jubilation... the folks will justify their mind set by virtue of their actions.. and the opposite is also true..
 
CADsortaGUY

CADsortaGUY

Lifer
Oct 19, 2001
25,162
1
76
www.ShawCAD.com
Originally posted by: dualsmp
couple more for the road.

Toys 'R Us Plans Job Cuts

Report: 3,000 job cuts coming at AT&T Wireless

Mayor plans 700 job cuts to balance budget


Just use your gut instinct folks, you can believe Tom Brokaw if you want to but I wouldn't recommend it.
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Nobody's listening to Brokaw:p I don't even watch the evening filtered news.

Remember back in the "booming" late ninetys? You know...back when we had 100K web surfers? Everyone here thinks the economy was just bitchin and things were on a roll back then right?
I'm sure some of these layoffs meant the economy sucked too then, right?

Get a clue people. To ignore ALL the signs of growth is silly. Net jobs(not just walmart
rolleye.gif
) are being created, consumer confidence is up, GDP is up, Inventories are being refilled due to demand. Sure we aren't "golden" yet but we are well on our way. Job I know it's dificult for a forum full of techies to be able to see anything but gloom since their industry has been hit hard since 2000, but you still can't continue to ignore the positives.

CkG
 
Bowfinger

Bowfinger

Lifer
Nov 17, 2002
15,776
392
126
Originally posted by: CADkindaGUY
Get a clue people. To ignore ALL the signs of growth is silly. Net jobs(not just walmart
rolleye.gif
) are being created, [. . .]
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Do you have any evidence there is a net increase of good jobs, not just Wal-Mart type jobs? (Unless there is a standard definiton, let's assume a "good" job is something that pays at least $40,000 per year.) Everything I've read says the increase is mostly due to low-paying jobs with poor/no benefits. I've mentioned this at least twice before, but you've ignored it.

You've also ignored the fact that we've only gained back a few hundred thousand of the several million jobs lost under Bush-lite's term. There is a long, long way to go before we get back to square one, even if these new jobs are comparable to the millions lost.
 
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