TEOTWAWKI wrote:You have no real data to show why consumer confidence is up so you think the shadow is moving the sun...right ?
... just ignorant misdirection. You always do these exercises in obfuscation and then call names and claim victory when people don't respond to your juvenile trap. Very childish and dishonest on your part.
I don't think you could possibly be any more ignorant. TEO, the quoted text below was my first post in this thread. Can you not read or understand that? It appears to be written in plain english. That is the real data. Those are the parameters being measured that are used to determine consumer confidence. It has all been clearly spelled for you. Is that passage above your level of reading comprehension?
Perhaps you should take another stab at reading that again before spouting off? Consumer confidence is up because the parameters clearly outlined below were measured and used to determine a value for consumer confidence. How hard is that to wrap your head around? It couldn't possibly be explained and more plainly that it was in my first post.
I have some advice for you. If you take this advice, I can guarantee you that you will become more knowledgeable, and your posts will become more appreciated around here. You may even rise above "Village Idiot" status. Doubtful, but maybe.
Here it is: The next time you find yourself wanting to enter a thread and confidently inject your opinion as you have here, first ask yourself "Can I name any source of information that informs my opinion?" If the answer there is "No", do not offer your opinion because you don't actually know what you're talking about. You would only be talking out of your ass. Instead what you should do there is go out and inform yourself. Read up on the subject and then perhaps contribute to the conversation next time around. On the other hand, if you do in fact have some source of information that you can point to that informs your opinion, by all means contribute to the conversation. Say what you have to say and then back it up with your information source.
Had you applied this technique yesterday, we wouldn't be here on page 2 with you still not being able to come up with any source of information that guides your beliefs on consumer confidence. It is clear now that you are completely ignorant on this subject as you can't validate your opinions anywhere. The internet is vast, and yet you can't find anything that backs up your opinion here.
You are the textbook definition of a low information voter. And what is most bizarre about that is you still feel like you should go around and confidently inject your opinion into conversations on subject matter that you obviously know nothing about. You may as well go on to a forum of neuroscientists and tell them that they're completely full of shit, because your opinions on the subject of neuroscience are equally as uninformed as your opinions on the subject of consumer confidence are here.
Consumer confidence was supposed to have fallen back this month as stock market losses took their effect. But instead confidence is inexplicably rising, to 103.0 in September which is 7 points over the consensus and 3 points over the top estimate. The gain is centered in the present situation component which hints at ongoing strength in the labor market and immediate strength in consumer spending. The present situation jumped more than 5 points to 121.1 which is, by far and away, the best reading of the recovery, since September 2007.
The consumer's assessment of the current jobs market is very strong. Those describing jobs as hard to get is at 24.3 percent, which is low for this reading, while those describing jobs as plentiful is at 25.1 percent which is high for this reading. On current business conditions, 28.0 percent describe them as good, again a strong reading, with only 16.7 percent as bad for another sign of strength.
The expectations side of the report is solid but less spectacular with the component at 91.0 for a 6 tenths decline from August. The most striking reading in this group is expectations for future income where 19.1 percent see an increase for a nearly 3 percentage point gain from August which is very strong.
Buying plans show special strength for homes where indications are the highest since November and also strength for cars which are at their best since March. This latter reading is very impressive given how strong car sales have been this year and it points to strength for Thursday's motor vehicle sales.
For prices, all this strength may be offsetting the drop underway at the gasoline pump. Inflation expectations rose a sharp 3 tenths to 5.2 percent which is the highest reading since March.
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