US Consumer Confidence Takes Another Hit

"Consumers’ outlook for the next six months turned more cautious. Those anticipating conditions to worsen increased to 10.3 percent from 9.4 percent. Consumers expecting business conditions to improve decreased to 20.6 percent from 21.6 percent.

The employment outlook was also more subdued. Consumers expecting fewer jobs to become available in the coming months rose to 18.4 percent from 16.2 percent, while those anticipating more jobs to become available slipped to 16.5 percent from 17.8 percent. The proportion of consumers expecting their incomes to improve in the months ahead dipped to 18.4 percent from 20.0 percent last month."

I think the administration should start blaming the people for being so damn pessimistic and feeling things are not going well.....

 

• Consumer Confidence Oct.* 92.9 96.7
• Retail sales Sept.* 1.5% -0.2%
• GDP Q2 3.3% 4.5%
• ISM Index Sept.* 58.5 59.0
• Factory Orders Aug.* -0.1% 1.7%
• Unemployment Rate Sept. 5.4% 5.4%
• Employment situation Sept.* 96,000 128,000
• Consumer inflation Sept. 2.0% 1.7%
• Housing starts Sept.* 1,898,000 2,020,000
• Home sales Aug.* 7,724,000 7,802,000

Which ones in particular did you think were "good" and why?

 

I got the impression that by "good" he meant "interesting" or "informative" rather than "positive developments."