Consumer confidence hits 13-year high

[Anomalocaris]

What’s the point of not consuming today when trump could unleash a nuclear holocaust tomorrow?

[brewer]

Yep, could be a spend it before we die mentality.

[Thumpalumpacus]

Yes, because the average American has that much insight into macroeconomics.

[Crossless2.0]

Yes, because the average American has that much insight into macroeconomics.

I understand they're quite good at picking winners at the horse track, too.

At most, the consumer confidence index can be a sort of self-fulfilling prophecy if enough people take it seriously and adopt the alleged prevailing mood as their own. To the extent that this could affect demand, it would have an effect on prices.

But 'consumer confidence' has fuck all to do with a significantly large number of people making careful assessments of the economy based on useful metrics and then acting on their conclusions. Most people buy the shit they want when they can afford it (and many when they can't) without much concern with longer-term projections. Economic activity is shot through with irrationality, as the Nobel committee recognized last week.

[Drich]

And I'm sure if Trump were here he's say 'look at the GDP' I promised 3 point by the end of my term and we have three points now!! That Uge! lowest unemployment rate in 14 years UGE-Er! And that does even touch the growth spike this country will get when we move our money back in for off shore tax shelters and the big tax brek that is comming!!! That would be the Uge-est boost to growth!!!

---

I haven't actually bought anything except the necessities for more than a year.

Don't worry it will trickle down to you soon enough!

---

It's been rising since 2011 according to that chart.
I suspect that in 2011, Donald was still watching girls get changed in dressing rooms and grabbing pussy.
Him and Weinstein have a lot in common, apart from Weinstein not having a taped confession.

ah.no..

The GDP has been down around 1.5% (1,8% through out obama 8 years.) just the thought of a business man running the country spiked the last couple months of obama's presidency.

Before Obama's dismal attempt to be an economic leader no other president had ever dipped below 3% GDP that lame duck crashed and burned and with 4 more years of his economic policies through Clinton, would have spelled doom for american financial independence.

That is what most of us saw when voting for trump.

Why "america first resonated."

---

Consumer confidence was also extremely high in the Summer of 2007.

Who recalls what happened in 2008?

But, by all means, keep crowing about this largely non-predictive metric.

but there is no bubble here sport. The economic excitment is based on lower taxes, deregulated business practices (less fines and forms to fill out to do business) and an influx of working capitol once the off shore money (8 to 10 trillion dollars) comes back to american banks..

What do you think that money is going to do in those banks? sit there and spontanious multiply? no. that money means loans and working capitol for the people who make the world spin for the rest of us. it is not only loans but bigger returns on investments/investors. which means better chance at joe smow getting loans, all of which means more and high paying jobs.

What was 2007 based on? a unsustainable housing market bubble. What is unsustainable in investing in this country infrastructure, and bring jobs back from over seas?

[Aegon]

http://www.businessinsider.com/consumer-...er-2017-10

US consumers haven't been this optimistic about the economy since the start of 2004, according to a survey conducted by the University of Michigan. 

The consumer-sentiment index registered a preliminary October reading of 101.1, a monthly report showed Friday.

I'd roll my eyes at this headline regardless of who's President.

[Drich]

Once again Beta distorts the fact .

actually you are viewing asque...

First this is  only preliminary

 it is but not the first. there have been several other measures of market 'excitement' oneof the best being the total number of record high trading days the trump administration has fueled. two months ago it ws over 30 days the dow recorded a highest day ever. not to mention the trillions those days add to the economy

. The article says confidence among Republicans spiked while Dems fell.

 of course otherwise 'we' would not refer to them as "Dims" That said, people who know.. business owners (the middle America guys who trump is targeting with tax cuts) they know and we have plans for that money. and it is not to dig a hole and sit on it. it is to doubble down and make our business grow! we have been waiting for this chance since 9-11-01. we jumped the gun a little in 07/08, but we all know this is for real because it is built on america itself and not a fad.

And even Republicans admit  they expect slow wage growth 

for retards and fast food people yes. but we also expect a growth or a great need for higher paying jobs.. meaning jobs that demand a trade skill or education.. we are not paying more for hamburger flippers. this is what happens when you force 15.00 an hour n to small business:
https://www.youtube.com/watch?v=JmFdOFxJQzM
https://www.youtube.com/watch?v=d8Z80J3jOao

. Makes sense economist could declare" the end is near "

The end being obama era tax, regulate, and spend!

and Republitards woulds still cheer their loon and chief.

Because with in his 100 days he deregulated 8 years of obama's exectuive orders that have been choking the life out of small business!

Their no evidence to suggest that if Clinton  had won we would not get a mirror effect .

That is B/S and you know it. Clinton=4 more years of tax and spend! just in the paris accord alone we were slated to give away trillions to bring 3rd world nations up to speed on their emmissions, plus the trans pacific partnership (the NAFTA of the east) would have killed off any manufacturing jobs left. so no in just those two thing alone clinton would have stiffled small to med size business leaving only big off shore corperations, which mean more money which belongs here in this ecconomy being shipped off shore in production and in tax shelters. For those reasons alone if you had a stake in this country a business you voted trump simply because you knew (unless you were a cake or coffee shop or some one off retail store) 4 more years of obama was spell the end.

And as Brian pointed out the enthusiasm of Trump fanatics does not good economic policy make . Nice try

but the enthusiasm of millions of small business owners does!

[Amarok]

Once again your wrong about all they above . And put a great deal of effort into making yourself look like a tool .

[Javaman]

Is it just me? Or does so much of Trump support rely upon finding an oasis of (sorta) good amongst an overwhelming desert of (definitely) bad?

[Amarok]

Is it just me? Or does so much of Trump support rely upon finding an oasis of (sorta) good amongst an overwhelming desert of (definitely) bad?

No it's more finding good news and convincing themselves it because of Trump. So they don't have to live up to the fact  they voted for a man child .