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Fri Oct 12, 2012, 10:29 AM

Consumer Sentiment in U.S. Rises to Pre-Recession High

Source: Bloomberg

Confidence among U.S. consumers unexpectedly jumped in October to the highest level since before the recession began five years ago, raising the odds that retailers will see sales improve.

The Thomson Reuters/University of Michigan preliminary October consumer sentiment index increased to 83.1 from 78.3 the prior month. The gauge was projected to fall to 78, according to the median forecast of 71 economists surveyed by Bloomberg News.

Rising stock and property values along with falling joblessness may keep giving Americans a psychological boost, brightening the household-spending outlook during the year-end holidays. Improving confidence may play a role in next month’s election as Republican challenger Mitt Romney tries to make a case for unseating President Barack Obama, a Democrat.

“People expect the economy is going to be healthier next year, they expect their job prospects to get better and they even expect their income to be a little better,” Christopher Low, chief economist at FTN Financial in New York, said before the report. “People do seem to be comfortable saving a little less and spending a little more.”

Read more: http://www.bloomberg.com/news/2012-10-12/consumer-sentiment-in-u-s-rose-in-october-to-pre-recession-high.html

13 replies, 2399 views

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Arrow 13 replies Author Time Post
Reply Consumer Sentiment in U.S. Rises to Pre-Recession High (Original post)
Purveyor Oct 2012 OP
bamacrat Oct 2012 #1
maddogesq Oct 2012 #2
hoosierlib Oct 2012 #3
adigal Oct 2012 #4
Bluzmann57 Oct 2012 #5
jpak Oct 2012 #6
4lbs Oct 2012 #7
andym Oct 2012 #8
Stellar Oct 2012 #9
Dawson Leery Oct 2012 #10
llmart Oct 2012 #11
andym Oct 2012 #12
TomCADem Oct 2012 #13

Response to Purveyor (Original post)

Fri Oct 12, 2012, 10:34 AM

1. DAMN YOU OBAMA!!!!!!!!!!!!!

Sorry I was just channeling the GOP and M$M...

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Response to bamacrat (Reply #1)

Fri Oct 12, 2012, 10:45 AM

2. As I said the other day...

this consumer stuff is more revealingt than any bouncing poll needles, IMHO.

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Response to Purveyor (Original post)

Fri Oct 12, 2012, 10:47 AM

3. Good News

This is further proof that the economy is improving. Hopefully, undecided voters are paying attention.

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Response to Purveyor (Original post)

Fri Oct 12, 2012, 10:49 AM

4. YES!!! We are recovering!!!

We are doing much better!

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Response to Purveyor (Original post)

Fri Oct 12, 2012, 11:00 AM

5. Someone cooked the books!

Issa and the rest of the wastefuls better investigate this!
Damn dummies.

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Response to Purveyor (Original post)

Fri Oct 12, 2012, 11:25 AM

6. The Crack of DOOOOOM!!!111

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Response to Purveyor (Original post)

Fri Oct 12, 2012, 11:36 AM

7. People feel better about things after 4 years of Obama-Biden. That is, except for

the GOP.

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Response to Purveyor (Original post)

Fri Oct 12, 2012, 11:53 AM

8. good unemployment numbers kicking in..... nt

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Response to Purveyor (Original post)

Fri Oct 12, 2012, 12:34 PM

9. Mitt alway said that all he had to do

...was get elected, and everything will automatically turn around in this country. He wanted to live on Obama's works.

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Response to Stellar (Reply #9)

Fri Oct 12, 2012, 02:08 PM

10. Exactly.

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Response to Purveyor (Original post)

Fri Oct 12, 2012, 04:56 PM

11. Well, how conveeeeenient........

that this should come out right before the election. You just know it's another example of how Obama/Biden are manipulating the data.

Do I need to say this is sarcasm?

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Response to Purveyor (Original post)

Fri Oct 12, 2012, 06:48 PM

12. This is the most important thread on DU at the moment.

It's very good news for the country and for Democrats!

It should be repeated near and far, by everyone here.
If you're calling people on behalf of the campaign, please mention it.

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Response to Purveyor (Original post)

Sat Oct 13, 2012, 02:27 AM

13. So, Unemployment Is Down, Consumer Sentiment Is Up...

...and Romney is attacking what?

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