Business

Consumer Confidence Surges

TRICK OR (HOLIDAY) TREAT? By FITSNEWS || “Ebola, Sch-ebola.” U.S. consumers shook off the threat of a deadly virus – as well as some serious market turbulence – to post the best consumer confidence mark in years in October.  The Conference Board’s key index soared to 94.5 this month – the…

TRICK OR (HOLIDAY) TREAT?

By FITSNEWS || “Ebola, Sch-ebola.”

U.S. consumers shook off the threat of a deadly virus – as well as some serious market turbulence – to post the best consumer confidence mark in years in October.  The Conference Board’s key index soared to 94.5 this month – the highest it’s been since October 2007.

Impressive, right?  That’s certainly the idea …

And while the measure’s “present situation” metric barely budged, there is unbridled optimism moving forward – with the “expectations” side of the measure soaring from 83.7 to 95.0, the highest it’s been since 2011.

Interesting …

With stagnant income growth and 93 million working age Americans not in the labor pool, we see very little reason for consumer optimism.  But let’s hope we’re wrong … and these numbers are right.  With the 2014 holiday shopping season around the corner it would be a very opportune time for “hope” to make a comeback.

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15 comments

Just another guy October 28, 2014 at 1:42 pm

It is all about the price of Gas and also no one is getting fired right now (Historically low amount at least)

Reply
Oh well October 28, 2014 at 1:43 pm

I always find it funny how many commenters here are always crying the sky is falling. But then again, they’re only regurgitating what they’re fed.

Reply
Tom October 28, 2014 at 4:09 pm

On the Fake News Network.

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Tom October 28, 2014 at 4:09 pm

On the Fake News Network.

Reply
Bible Thumper October 28, 2014 at 1:46 pm

The public is factoring in a Republican mid-term landslide.

Reply
Evolution is Real October 28, 2014 at 4:07 pm

The evolution of Republican though on the economy. 2008 through today

2008 – The economy sucks but don’t blame Bush.
2009 – The economy is not getting better, Obama sucks
2011 – The economy is getting better, but not fast enough. Obama sucks
2012 – The economy appears to be getting better, but its not really. Obama sucks.
2013 – Ok, the economy is better, but it won’t last. Obama sucks
2014 – The economy is better, and appears to be holding its own, but that is all due to Republicans, Obama sucks.

Reply
Bible Thumper October 28, 2014 at 4:11 pm

And the stategy works beautifully.

Reply
Bible Thumper October 28, 2014 at 4:11 pm

And the stategy works beautifully.

Reply
Tom October 29, 2014 at 9:25 am

If you are brain dead, or a Fox News watcher. Probably the same thing.

Reply
SC Political Digest October 28, 2014 at 2:04 pm

Yeah, right…and jobs are plentiful, Global Warming is real, Obamacare works and there is no inflation.

As long as Dumb@$$#$ like FITS, swill the feces, Obama and the media will feed it to them….

Reply
Everybody October 28, 2014 at 2:29 pm

Just because you refuse to get a job doesn’t mean they aren’t out there. If you would actually leave the house every now and then, you might realize that things aren’t that bad.

Reply
Derp October 28, 2014 at 2:32 pm

No jobs? That’s like saying SC Political Digest has no visitors, so nobody uses the Internet.

Reply
Buz Martin October 28, 2014 at 3:11 pm

It’s the Sexy Ebola Nurse costumes. That did it.

Reply
9" October 28, 2014 at 8:12 pm

I’m lost in the supermarket

http://www.youtube.com/watch?v=qsrEAWcAvRg

Reply
9" October 28, 2014 at 10:10 pm

Sorry to interrupt,but The Allman Brothers are playing their last show tonight at The Beacon in NYC.Here’s a very short clip from a show I attended in 1970…

http://www.youtube.com/watch?v=mcAph-PqJP0

Reply

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