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"Consumer Sentiment in U.S. at 12-Year High After Trump Win"

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  • #16
    http://money.cnn.com/2016/09/27/news...e-9-year-high/

    Yay Obama.....

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    • #17
      Originally posted by Paddybhoy View Post
      Too fracking funny...
      Consumer confidence rose in September to its highest level since August 2007 -- before the Great Recession.

      The data, released Tuesday by the Conference Board, a business association, helps dismiss arguments that the uncertainty of the election is weighing down Americans' perception of the economy, said Paul Ashworth, chief U.S. economist at Capital Economics, a research firm.

      [...]

      But wage growth has been slow, and Americans don't expect it to pick up soon. The share of Americans who believe their incomes will improve in the next six months declined in September, the board said.

      [...]

      Some economists are concerned that American businesses are waiting until after the election to start big projects. Spending on new buildings, equipment and projects is down this year, but it's been weak for years, and it's hard to link the dip to the election, economists say.

      So far, Obama's successor -- whether it's Donald Trump or Hillary Clinton -- doesn't seem to be having an impact on how Americans feel about the economy.

      "The data remain consistent with an improving labor market ... with no sign of any significant negative impact from election-related uncertainties," said Jim O'Sullivan, chief U.S. economist at High Frequency Economics, a research firm.

      After nearly 8 years of the weakest, most feeble economic expansion since World War II. Obama's unprecedented 8-yr achievement of zero-point-zero years of better than 3% growth brings consumer confidence back to where it was just "before the Great Recession."
      The data, released Tuesday by the Conference Board, a business association, helps dismiss arguments that the uncertainty of the election is weighing down Americans' perception of the economy...

      Uncertainty about the election wasn't hurting consumer confidence. Certainty about the election results has driven consumer confidence back up to where it was during the previous robust expansion...

      Originally posted by The Doctor View Post
      Consumer Sentiment in U.S. at 12-Year High After Trump Win

      by Patricia Laya
      December 23, 2016

      Consumer confidence jumped to the highest level since 2004, extending a surge in Americansí optimism for their finances and the U.S. economy following Donald Trumpís election victory.

      The University of Michigan said Friday that its final index of sentiment rose to 98.2 from 93.8 in November. The median projection in a Bloomberg survey called for 98, equal to the preliminary reading released earlier this month. Inflation expectations for the next five to 10 years fell to a record low.

      A record share of respondents ďspontaneously mentionedĒ the expected impact of Trumpís policies, more than double the number when Ronald Reagan took office in 1981, according to the report.

      [...]

      https://www.bloomberg.com/news/artic...fter-trump-win

      Originally posted by The Doctor View Post
      This was in English...
      "A record share of respondents 'spontaneously mentioned' the expected impact of Trumpís policies, more than double the number when Ronald Reagan took office in 1981, according to the report."
      • Obama... 8 years on the job to get back to treading water.
      • Trump... taking treading water to robust expansion before taking office.


      Priceless.
      Watts Up With That? | The world's most viewed site on global warming and climate change.

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