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Consumer confidence rises in April
Marketwatch ^ | 4.26.11 | Ruth Mantell

Posted on 04/26/2011 7:55:22 AM PDT by Free Vulcan

WASHINGTON (MarketWatch) — Consumer confidence recovered somewhat in April, though the impact of a spike in gasoline prices is still evident, according to data released Tuesday by the Conference Board.

The confidence index hit 65.4 in April, compared with an upwardly revised 63.8 in March. That’s still below the 72.0 reading of February, as gasoline prices nationally have approached $4 per gallon.

The increase came as consumers’ 12-month inflation expectations declined to 6.3% in April from 6.7% in March. In addition, consumer views about the present situation improved.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Breaking News; Business/Economy; Culture/Society; News/Current Events
KEYWORDS: confidence; consumer; economy; spending
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I see the confidence out there even in my own depressed locale. I still think people are nuts, I'm going the complete opposite direction and bolting the hatches shut.
1 posted on 04/26/2011 7:55:27 AM PDT by Free Vulcan
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To: Free Vulcan

Why would anyone feel more confident?


2 posted on 04/26/2011 7:58:01 AM PDT by ClearCase_guy
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To: Free Vulcan

Guess all the EITC checks have started to arrive. Must be nice to ‘earn’ such a refund.


3 posted on 04/26/2011 7:58:08 AM PDT by poobear (FACTS - the turd in the punch bowl of liberal thought!)
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To: Free Vulcan

Yeah, that extra $200 I spend on gas makes me a lot more confidence /s


4 posted on 04/26/2011 8:01:27 AM PDT by therightliveswithus
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To: Free Vulcan
consumers’ 12-month inflation expectations

That sounds like some made up feel-good-ism creation.

Anyone who has been to the grocery or gas station KNOWS many prices are higher in April and they were in March.


5 posted on 04/26/2011 8:03:30 AM PDT by TomGuy
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To: Free Vulcan

Cookin numbers, like the unemployment numbers.


6 posted on 04/26/2011 8:06:41 AM PDT by commonguymd (Freedom is a myth anymore it seems)
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To: Free Vulcan

I’m so confident, I’m gonna go take another gander at that Ruger mini-14 I was pawing last leek.


7 posted on 04/26/2011 8:08:14 AM PDT by digger48
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To: Free Vulcan
I knew all along that Obama would save us.
8 posted on 04/26/2011 8:09:16 AM PDT by blam
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To: Free Vulcan

I am confident...confident that we are being screwed with inflation that chips away at our stagnant earnings. FUBO.


9 posted on 04/26/2011 8:09:16 AM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Free Vulcan
What is this guy smoking?...

“The Fed will be pleased to see that the further rise in gasoline prices towards $3.90 a gallon does not appear to have put another dent in US consumer confidence or added to households’ inflation expectations,” wrote Paul Dales, senior U.S. economist with Capital Economics
10 posted on 04/26/2011 8:11:14 AM PDT by nhwingut (Palin '12... Accept No Other)
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To: TomGuy
Anyone who has been to the grocery or gas station KNOWS many prices are higher in April and they were in March

Was there yesterday. The butcher was laying low, too.

You could hear the audible groans as people picked up the packages of ground chuck and tossed them back in the cooler.

And then the added insult of being one of the few people at the checkout lane actually paying for their food themselves while waiting on WIC forms to be filled out and extra transactions for the stuff the EBT cards won't cover.

11 posted on 04/26/2011 8:14:27 AM PDT by digger48
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To: Free Vulcan

Refund bounce? Gas prices are crushing us. I am confident the numbers are cooked.


12 posted on 04/26/2011 8:17:23 AM PDT by NonValueAdded (President Obama's approval ratings are so low now, Kenyans are accusing him of being born in the US)
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To: Free Vulcan

What are these people smoking?


13 posted on 04/26/2011 8:19:02 AM PDT by ilovesarah2012
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To: poobear
Guess all the EITC checks have started to arrive.

No more calls, please. We have a winner.
14 posted on 04/26/2011 8:22:07 AM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: Free Vulcan

This is propaganda.


15 posted on 04/26/2011 8:27:13 AM PDT by unkus
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To: Free Vulcan
Consumer confidence rises in April

BULLSH*T!

16 posted on 04/26/2011 8:28:24 AM PDT by pgkdan ( "Wherever the Catholic sun doth shine / There's always laughter and good red wine / ...Belloc)
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To: Free Vulcan

LOL....spin baby spin....


17 posted on 04/26/2011 8:28:46 AM PDT by PogySailor (The ruling class will not go down easily. And neither will their paid hacks.)
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To: NonValueAdded
Refund bounce? Gas prices are crushing us. I am confident the numbers are cooked.

Read the article carefully and ignore the headline. The numbers are poor, but the slight uptick is blown out of proportion by the press, as usual. When you are near the bottom, the only way to go is up, and we are not doing that.

18 posted on 04/26/2011 8:30:41 AM PDT by mlocher (Is it time to cash in before I am taxed out?)
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To: Free Vulcan
MORE LIES for the masses that just read the headlines.
19 posted on 04/26/2011 8:47:57 AM PDT by ladyvet ( I would rather have Incitatus then the asses that are in congress today.)
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To: unkus

If you lie to people long enough, pretty soon they believe the lies. The emperor has no clothes!


20 posted on 04/26/2011 8:58:42 AM PDT by toolman1401
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To: toolman1401

The emperor is naked. It’s an ugly sight.


21 posted on 04/26/2011 9:02:50 AM PDT by unkus
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To: Free Vulcan

And shortly after midnight on April 1st, the unemployment figures for March were released and guess what?? Unemployment was down!

Happy Days are here again...they keep telling us so!


22 posted on 04/26/2011 9:07:09 AM PDT by Outlaw Woman ("My people are destroyed for lack of knowledge;..." Hosea 4:6)
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To: LostInBayport

Yeah, a nice $5,000 check would come in handy for me right now. How ‘bout you?


23 posted on 04/26/2011 9:08:50 AM PDT by poobear (FACTS - the turd in the punch bowl of liberal thought!)
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To: poobear
You got that right. However, they are all virtually refund anticipation loans or debit cards.....Uncle don't send no checks no more. It is a yearly Christmas spree among EITCers. Play it right and you can live on welfare and make more than a man with a family making $45K a year and all you have to do is go vote for a Democrat.

The only upside to total collapse of the government and economy is that these leeches will starve.

24 posted on 04/26/2011 9:10:55 AM PDT by Gaffer
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To: Gaffer
The only upside to total collapse of the government and economy is that these leeches will starve.

That only means they will be on YOUR/OUR doorsteps begging...

25 posted on 04/26/2011 9:12:42 AM PDT by goodnesswins (Unlike the West, the Islamic world is serious.)
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To: ClearCase_guy

Income tax returns.


26 posted on 04/26/2011 9:12:42 AM PDT by MCF
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To: Free Vulcan
What confidence? Confidence that the government is gonna extend their unemployment? Confidence that what is going to get better.....

In my area, there are three car dealers: Chrysler/JEEP, Cheby, and Ford. Guess which one has a full lot of cars. Even at that it's all 1% over invoice and buyer keeps incentive checks. Houses aren't selling, period, nobody is building anything new, except government. Even Walmart is feeling the pinch from the taxpayer patrons (their EBT people are a monthly cyclical phenomenon).

27 posted on 04/26/2011 9:14:37 AM PDT by Gaffer
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To: goodnesswins

Not likely, I live in the country and very well armed, this is one reason why. They only have to be feared when they band up in numbers, like in cities.

Now, if I were a city dweller, I’d be making some plans to get the hell out of there.


28 posted on 04/26/2011 9:16:54 AM PDT by Gaffer
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To: MCF
Yeah, I suppose that's it -- and that depresses the heck out of me.

I see this like a robber coming into my house, finding a pile of cash under my mattress, and stealing all of it. Then, I come home and find out I've been robbed, but I notice that the robber dropped a $100 bill as he exited my bedroom. YEE-HAA! That $100 goes straight into my pocket and I do a dance of joy, because it's Pay Day!

How stupid is that?

But the folks who are cheered by the little tax refund are playing that exact game.

29 posted on 04/26/2011 9:18:46 AM PDT by ClearCase_guy
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To: Free Vulcan
The confidence index hit 65.4 in April, compared with an upwardly revised 63.8 in March. That’s still below the 72.0 reading of February, as gasoline prices nationally have approached $4 per gallon.

LOL. More happy talk on the USS Titanic. There's a pony in there somewhere.

30 posted on 04/26/2011 9:30:24 AM PDT by kabar
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To: pgkdan

X2

This is complete spin.


31 posted on 04/26/2011 10:50:21 AM PDT by TV Dinners (Hope is not a Strategy)
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To: Gaffer

Yeah...I keep wondering what defines “cities”....I tried to have a conversation with my husband last night about IF the SHTF....he doesn’t see the problems I see....we live on the edge of a “city”....not a MAJOR one....but enough to concern me...


32 posted on 04/26/2011 11:30:44 AM PDT by goodnesswins (Unlike the West, the Islamic world is serious.)
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To: poobear

Absolutely!


33 posted on 04/26/2011 11:55:28 AM PDT by Madame Dufarge
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To: Free Vulcan

This is BS - as warmer weather approaches, and people need to do more yard work, and make plans/go on vacations (spring break), more money is spent. As the vacation season begins more people are hired for seasonal employment. I’d like to know what the employment numbers look like relative to prior years when the economy wasn’t in the tank.


34 posted on 04/26/2011 12:07:21 PM PDT by SoldierDad (Proud dad of an Army Soldier preparing to deploy to Afghanistan)
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To: goodnesswins

My criteria about cities is anywhere that has a bus or rail line to urban areas is an area I won’t live in.


35 posted on 04/26/2011 12:52:14 PM PDT by Gaffer
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To: Madame Dufarge

Dear Madame Dufarge,

How hard is it keeping your sanity with all the transplants in your beloved Maine? G-d’s gift, Maine! The first place besides NH I saw real snow. I’ll never forget it!


36 posted on 04/26/2011 1:09:17 PM PDT by poobear (FACTS - the turd in the punch bowl of liberal thought!)
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To: unkus

Absolutely; they should just change the headline to “Americans welcome higher prices to maintain social safety net”. It would make the same statement, and be just as full of sh!t.


37 posted on 04/26/2011 2:28:14 PM PDT by kearnyirish2
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To: toolman1401

“If you lie to people long enough, pretty soon they believe the lies.”

That used to work when people were more insulated from the bull; nobody believes the media or The Sultan now because reality slaps them in the face every time they pull out their wallet. There is no way Obama’s media outlets can protect him from the fallout this time; they failed in 2009 & 2010, and they’ll fail in 2012.


38 posted on 04/26/2011 2:31:20 PM PDT by kearnyirish2
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To: SoldierDad

“As warmer weather approaches, and people need to do more yard work, and make plans/go on vacations (spring break), more money is spent. As the vacation season begins more people are hired for seasonal employment.”

This hiring didn’t really materialize last summer, and will be even less this summer; the discretionary dollars, and the credit that replaced them for a while, are no longer there. On top of that, necessities are rising in price; this can only hurt luxuries (like vacations, non-emergency yard projects, and such).


39 posted on 04/26/2011 2:34:09 PM PDT by kearnyirish2
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To: kearnyirish2
This hiring didn’t really materialize last summer, and will be even less this summer;

And last summer they had the census jobs scam (hiring the same temp workers over and over again, and counting each time as a new hire) to inflate the numbers.

40 posted on 04/26/2011 2:43:39 PM PDT by tacticalogic
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To: tacticalogic

Even that juggling couldn’t hide the fact that high school and college students, as well as college grads, couldn’t find jobs. If anything, I think this year will be even worse; here in NJ a lot of our illegal aliens that had stolen American jobs a few years back are now unemployed as well.


41 posted on 04/26/2011 2:46:20 PM PDT by kearnyirish2
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To: kearnyirish2

By the time he’s finished the whole economy will be a “shovel ready” job.


42 posted on 04/26/2011 2:54:01 PM PDT by tacticalogic
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To: Free Vulcan

I wonder why the gas is so high anyways? Dunno. Speculators I guess.


43 posted on 04/26/2011 3:32:22 PM PDT by ichabod1 (Hail Mary Full of Grace, The Lord Is With Thee...)
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To: Free Vulcan

Of course they are, look who’s POTUS. I expect these numbers here to be revised shortly and that will be just soooooo [b]unexpected[/b].


44 posted on 04/26/2011 4:10:12 PM PDT by Baladas ((ABBHO))
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To: ClearCase_guy

Precisely. There is not one glimmer of anything positive economically. Whereas there are many things working to keep the economy in the toilet: Rising petroleum product prices, lack of a positive energy program, galloping deficit, continued demrat efforts to raise taxes, Onadacare etc. etc.

These polls alleging improving economy never offer one reason why this may be true. This means they’re simply calling on the usual suspects and useful idiots to parrot the leftist party line.

These are the only people in my part of SC who cling to absurd flights of fancy to validate their voting for the Usurping Marxist Onada. Thankfully there aren’t many of these miscreants in SC. All the rest of us understand: 1. Onada’s belief that it is unfair that America has been so prosperous 2. Onada’s determination to drive this country to third world status. Onada’s implacable determination that America should be ruled by a bunch of Marxist idiots who subscribe to an ideology that’s failed where ever it’s been tried.


45 posted on 04/26/2011 6:03:29 PM PDT by dools0007world
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To: ClearCase_guy

Precisely. There is not one glimmer of anything positive economically. Whereas there are many things working to keep the economy in the toilet: Rising petroleum product prices, lack of a positive energy program, galloping deficit, continued demrat efforts to raise taxes, Onadacare etc. etc.

These polls alleging improving economy never offer one reason why this may be true. This means they’re simply calling on the usual suspects and useful idiots to parrot the leftist party line.

These are the only people in my part of SC who cling to absurd flights of fancy to validate their voting for the Usurping Marxist Onada. Thankfully there aren’t many of these miscreants in SC. All the rest of us understand: 1. Onada’s belief that it is unfair that America has been so prosperous 2. Onada’s determination to drive this country to third world status. Onada’s implacable determination that America should be ruled by a bunch of Marxist idiots who subscribe to an ideology that’s failed where ever it’s been tried.


46 posted on 04/26/2011 6:03:30 PM PDT by dools0007world
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To: Free Vulcan
It's all good in the land of the teleprompter imam. His staff is under strict orders to only bring good news. "The daisies are blooming and the average person still has a roof over their head, it's a wonderful day, sir."

People wonder how a country could become Nazi Germany or Stalin's USSR where 80 million people were murdered through forced famine. We're headed there unless we provide the government a serious intervention. I believe it will happen in 2012, and not just the presidential level. The elections of 2010 were just a preview of the DemonRat/RINO housecleaning to come.

No, this isn't an endorsement of The Donald. I'm all for Sarah.

47 posted on 04/26/2011 6:07:10 PM PDT by Excuse_My_Bellicosity (Liberalism is a social disease.)
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To: Free Vulcan

Dog that hatch, and prep for an ugly period of time brother. The present administration will only reign in with another economic blunder designed to supposedly fix a problem, and creating more problems via their ineffectual leadership and ignorance of economics.

Obama went to what school? ...and who did he hire to advise him? A troop of boy scouts know more than these idiots.


48 posted on 04/26/2011 7:38:29 PM PDT by Grundforsen
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To: ClearCase_guy

Why would anyone feel more confident?

Why would numerous college graduates hoping to find a transitory job or a master’s program feel confident? This is the group that is being hit all so hard, and also the group on which the burden lies to pay the future taxes for the national debt, have the next generation of children, and pay for all the retirees in the previous generation which had fewer children? It’s a real mess out there, and the young unemployment rate is especially bad for the nation, and for those who struggle as well.


49 posted on 04/26/2011 9:31:44 PM PDT by Morpheus2009 (I pity the fool - Mr. T)
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I'm confident that the stinkin' libs won't drill for the VAST oil reserves here; I'm confident that the chumps in this so-called "administration" in DC don't have a CLUE what they are doing. I have no faith at ALL in their policies or procedures.

Yes, I'm confident of that.

50 posted on 04/26/2011 11:03:20 PM PDT by NoRedTape
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