US Government Reports Consumer Confidence is UP!!- still believe these suckers?

[Ichingcarpenter]

NEW YORK (Reuters) - U.S. consumer confidence improved in September as inflation expectations fell to a six-month low, the Conference Board said on Tuesday, though it noted its survey did not capture all the latest events in the financial crisis.

The Conference Board said its index measuring consumers' mood rose to 59.8 in September from an upwardly revised 58.5. August was originally reported at 56.9.

The result for September was above economists' expectations for a reading of 55.5, according to a Reuters poll. Their 71 forecasts ranged from 50.0 to 65.3.

http://www.reuters.com/article/hotStocksNews/idUSTRE48T4MZ20080930

Don't you feel like you're getting Play?

In other news...... Chocolate Rations are up too!

[Xipe Totec]

1. Break out the Victory Gin! (n/t)

[Ichingcarpenter]

4. Damn good stuff, it helps me focus on hate week and big brother! n/t

[Renew Deal]

5. Is the depression over?

:woohoo:

[Supersedeas]

10. Scotch of all your Wall Street homies

[stray cat]

2. So why has consumer spending recently plummeted?

[marmar]

3. The CSI is based on a bunch of arbitrary stats....not what consumers' real feelings are.

Visit a mall these days. If that's an improvement in confidence, we are truly done!

[PVnRT]

6. Were those numbers compiled in the past few days?

You do know it takes some time to analyze data and write a report, right? There's going to be lag, and this doesn't reflect the developments of the past few days.

[Ichingcarpenter]

9. IF you buy this then I have a bridge in Alaska to sell you n/t

[lurky]

7. Really?!?

It seems like the only reliable economic data we get is from foreign governments. For instance, Japan actually reported a trade deficit last month because Americans have stopped buying stuff.

Link:
Japanese exports to US tumble by 22%

[orwell]

8. Consumer Confidence = Gas Prices

There has been a high inverse correlation recently.

We'll call it the moron index...