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That's A MAJOR Surge In Consumer Confidence
TBI ^ | 9-25-2012 | Joe Weisenthal

Posted on 09/25/2012 7:21:12 AM PDT by blam

That's A MAJOR Surge In Consumer Confidence

Joe Weisenthal
September 25, 2012

Consumer confidence surged from 61.3 last month to 70.3 this month.

That's well ahead of estimates of 63.1.

Needless to say this has all kinds of ramifications, if it holds up.

The significance is both political and economic if the consumer is feeling better.

Here's the full announcement from the Conference Board...

------------

he Conference Board Consumer Confidence Index®, which had declined in August, improved in September. The Index now stands at 70.3 (1985=100), up from 61.3 in August. The Expectations Index increased to 83.7 from 71.1. The Present Situation Index rose to 50.2 from 46.5 last month.

The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was September 13.

Says Lynn Franco, Director of Economic Indicators at The Conference Board: “The Consumer Confidence Index rebounded in September and is back to levels seen earlier this year (71.6 in February 2012). Consumers were more positive in their assessment of current conditions, in particular the job market, and considerably more optimistic about the short-term outlook for business conditions, employment and their financial situation. Despite continuing economic uncertainty, consumers are slightly more optimistic than they have been in several months.”

Consumers’ appraisal of present-day conditions improved in September. Those claiming business conditions are “good” edged up to 15.5 percent from 15.3 percent, while those saying business conditions are “bad” declined to 33.3 percent from 34.3 percent. Consumers’ assessment of the labor market was also more upbeat. Those stating jobs are “plentiful” rose to 8.3 percent from 7.2 percent, while those claiming jobs are “hard to get”

(snip)

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


TOPICS: News/Current Events
KEYWORDS: consumer; economy; investing; recovery

1 posted on 09/25/2012 7:21:14 AM PDT by blam
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To: blam

“business conditions are “bad” declined to 33.3 percent from 34.3 percent.’

That is not significant at all.


2 posted on 09/25/2012 7:23:16 AM PDT by DarthVader (Politicians govern out of self interest, Statesmen govern for a Vision greater than themselves)
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To: blam
Hmmmmm...

Just this morning:

Global Growth Has Collapsed

3 posted on 09/25/2012 7:23:47 AM PDT by blam
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To: blam

New indexes will “surge” upwards in the next six weeks in direct proportion to Rats’ need to re-elect the Fraud.

FUBO as always!


4 posted on 09/25/2012 7:25:06 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: blam

Unexpected!

Seriously, does anyone believe this?

all economic news will now be wonderful-—the lie only needs to hold another 42 days. Until the election.

Then the truth will hit with a vengeance.


5 posted on 09/25/2012 7:26:13 AM PDT by exit82 (Pass the word: Obama is a FAILURE!! Democrats are the enemies of freedom!)
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To: blam

All of a sudden like..........

Consumer confidence surges, Obama’s approval rating soar, polls show him way ahead, economy is roaring back, unemployment is falling like a rock...........methinks something rotten in the state of Denmark........


6 posted on 09/25/2012 7:28:00 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: blam

Yeah. One more foreclosed home on my street this week.


7 posted on 09/25/2012 7:28:03 AM PDT by pabianice (washington, dc ..)
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To: blam

This poll is BS.
There is no surge in consumer confidence anywhere I can see.
This looks all the world like just Re-Election Campaign Propaganda, to be “statistically corrected” on November 3rd.

you can bet on it...


8 posted on 09/25/2012 7:31:29 AM PDT by faithhopecharity
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To: blam
That's A MAJOR Surge In Consumer Confidence

This headline makes me wonder if Weimar Germany newspapers used the same headline as everyone rushed out to spend their "growing more worthless by the hour" German Marks when they got paid. I suspect we'll see this headline used to spin the story a lot more often as the dollar's decline in value accelerates at a quickening pace at some point soon.

9 posted on 09/25/2012 7:33:35 AM PDT by OB1kNOb (Vote for Paul Ryan 2012...... oh, and that other guy running on his ticket that's not Obama.)
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To: blam

The jobs started to disappear in 2008 when the people realized they were going to get a Marxist in office. Is it possible that the people are predicting a change in the executive branch that will be better for their long term well-being? Sort of how the markets trade on future earnings?


10 posted on 09/25/2012 7:34:13 AM PDT by Dr. Pritchett
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To: faithhopecharity

Another lie by MSM for the Chosen One.


11 posted on 09/25/2012 7:35:03 AM PDT by jsanders2001
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To: blam

Headline should read:

“Agencies Cook Books for Obama!”


12 posted on 09/25/2012 7:37:21 AM PDT by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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To: blam

The Chocolate Ration has been increased AGAIN. You will be getting a generous 20 GRAMS instead of that stingy 30 grams. WOW!


13 posted on 09/25/2012 7:39:59 AM PDT by Lazamataz (The American news media, the 'Pravda Press', is fully Soviet-ized.)
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To: blam

Yeah, who ya gonna believe, me or your lying’ eyes!


14 posted on 09/25/2012 7:40:05 AM PDT by Obadiah (The Hunger Games -- Obama's vision for America)
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To: treetopsandroofs
New indexes will “surge” upwards in the next six weeks in direct proportion to Rats’ need to re-elect the Fraud.

My take on all of this is that investors and many regular people try to get ahead of the crowd by looking six months to a year into the future.

What they are seeing is Romney and Ryan taking over the reins of the economy and things starting to get back to normal. That IMHO is why we are starting to see economic activity "surge".

I also agree that the MSM will portray this as Obama's policies finally starting to take hold.

15 posted on 09/25/2012 7:42:12 AM PDT by oldbrowser (An empty chair attracts a stadium full of empty chairs.)
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To: blam

Total absolute bullsh!t! I am in business... I live on the front lines... IT HAS NEVER BEEN WORSE IN THE 40 PLUS YEARS THAT I HAVE BEEN ON THE FRONT LINES!

LLS


16 posted on 09/25/2012 7:46:42 AM PDT by LibLieSlayer ("if it looks like you are not gonna make it you gotta get mean, I mean plumb mad-dog mean" J. Wales)
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To: oldbrowser

Outside of the government spending borrowed dollars and Wall Street spending QEIII on stocks... find me one private sector surge that is not overseas.

LLS


17 posted on 09/25/2012 7:48:45 AM PDT by LibLieSlayer ("if it looks like you are not gonna make it you gotta get mean, I mean plumb mad-dog mean" J. Wales)
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To: blam
That's A MAJOR Surge In Consumer Confidence

Says who? "The Conference Board" , and who are they? I expect to see this type of crap non-stop up until the election in an effort to keep the socialist kenyan in power. My gut feeling, which is as valid as any of the polls I've seen, is that confidence is low, and at best people are taking a "wait and see" attitude.

18 posted on 09/25/2012 7:48:48 AM PDT by The Sons of Liberty ("Get that evil, foreign, muslim, usurping bastard out of MY White House!" FUBO GTFO!)
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To: blam

12/21/2012...


19 posted on 09/25/2012 7:57:05 AM PDT by Calif4Palin (President Palin sounds so good....)
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To: treetopsandroofs

Ding ding ding we have a winner. You beat me to it.


20 posted on 09/25/2012 8:12:12 AM PDT by waxer1 ("The Bible is the rock on which our republic rests." -Andrew Jackson)
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To: blam

Apparently they do not use my methodology (which involves walking around the malls and counting the vacancies)


21 posted on 09/25/2012 8:18:18 AM PDT by Buckeye McFrog
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To: blam
That's A MAJOR Surge In Consumer Confidence

PATENT BULLSHIT from the "yellow-stream" media, as usual.

22 posted on 09/25/2012 8:18:28 AM PDT by GoldenPup (Comrade "O" has got to GO!!)
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To: blam
The Consumer Confidence Survey poll numbers will be revised dramatically downward on November 7, 2012
23 posted on 09/25/2012 8:45:45 AM PDT by TYVets (Pure-Gas.org ..... ethanol free gasoline by state and city)
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To: blam

Obama and his media supporters have been pushing the idea that things are getting better to help his re-election. This is simply the liberal/Democrat half of the electorate responding and being more confident. The poll isn’t wrong, it is simply measuring people on the left responding to Obama’s campaign message. Not a surprise, Obama is very effective at this for short periods of time when he needs to be.


24 posted on 09/25/2012 8:47:16 AM PDT by Longbow1969
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To: blam

went through this last yr, just back to school/college shopping is all will go back to flat next month.


25 posted on 09/25/2012 8:55:51 AM PDT by markman46 (engage brain before using keyboard!!!)
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To: Calif4Palin

what’s the significance of that date?


26 posted on 09/25/2012 9:11:55 AM PDT by goodnesswins (What has happened to America?)
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To: blam

Ben Bernanke QE3 bounce?


27 posted on 09/25/2012 9:28:20 AM PDT by 2001convSVT (Going Galt as fast as I can.)
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To: blam

Consumer confidence surged from 61.3 last month to 70.3 this month.
1.Back to school products
2.Building supplies for storm damage
3.


28 posted on 09/25/2012 9:48:53 AM PDT by Vaduz
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To: Dr. Pritchett
...predicting a change...

This was my first thought...

29 posted on 09/25/2012 10:17:37 AM PDT by jonno (Having an opinion is not the same as having the answer...)
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To: goodnesswins
"what’s the significance of that date?"

Isn't that the Mayan calendar 'end of the world' date?

30 posted on 09/25/2012 10:52:36 AM PDT by blam
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To: blam

There are also the stories about major planned hiring in advance of the holidays (so mainly temp/seasonal jobs) such as the one this morning about Toys R Us starting to hire 50,000 workers.

The story on TRU also played up how last year 15k temps were converted to perm employees. The Sept jobs numbers are going to play a huge role in the election... We’ll see what happens.


31 posted on 09/25/2012 10:59:17 AM PDT by tanknetter
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