Consumer Sentiment Soars In Late September

Purveyor

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Fri Sep-25-09 10:04 AM
Original message

Consumer Sentiment Soars In Late September

Source: MarketWatch

WASHINGTON (MarketWatch) -- Consumer sentiment improved in late September, according to media reports on Friday of the Reuters/University of Michigan index.

The consumer sentiment index jumped to 73.5 in late September from 70.2 earlier in the month.

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The consensus forecast of Wall Street economists had expected sentiment to rise to 70.5. The gain is much higher than the recent high in sentiment of 70.8 in June. Sentiment is now at the highest level since early 2008.

Read more: http://www.marketwatch.com/story/consumer-sentiment-soars-in-late-sept-2009-09-25

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robcon

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Fri Sep-25-09 10:10 AM
Response to Original message

1. Good news.

It's necessary, but not sufficient, for an economic recovery.

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xchrom

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Fri Sep-25-09 10:12 AM
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2. i'll take economic good news where i can find it. nt

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rfranklin

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Fri Sep-25-09 10:30 AM
Response to Original message

3. Great, but where are the jobs and where will the consumer....

find more money to pump into the economy. The second shoe has not dropped.

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Po_d Mainiac

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Fri Sep-25-09 11:03 AM
Response to Original message

4. Sentiment don't mean squat

The other numbers out today are disturbing.

Nondefense new orders for capital goods dropped 7.1% while inventories dropped 1.7%. That means people are either unwilling, or most likely, unable to spend. That's reality vs. sediment (pun intended) :puke:
http://www.census.gov/indicator/www/m3/adv/pdf/durgd.pdf

Large and small loans are defaulting at an ever increasing rate

Thinking that things are better because their retirement accounts look better, while the dollar is getting crushed at the same time, is stuff kool-ade commercials are made of.

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IsItJustMe

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Fri Sep-25-09 12:25 PM
Response to Original message

5. Happy days are here again, except for the millions of people who have lost there homes, don't have a

Edited on Fri Sep-25-09 12:26 PM by IsItJustMe

job, and don't have health care. LOL

I wish the corporate media would quit blowing smoke up our ass

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