Consumer Sentiment At Three-Month High In August

[Purveyor]

Source: Reuters


NEW YORK | Fri Aug 17, 2012 10:54am EDT

(Reuters) - Consumer sentiment improved in early August to its highest in three months as sales at retailers and low mortgage rates spurred Americans to boost their buying plans, a survey released on Friday showed.

But concerns about rising food prices caused a jump in both short- and long-term inflation expectations, the Thomson Reuters/University of Michigan consumer sentiment survey showed.

The preliminary reading on the index on consumer sentiment rose to its highest level since May at 73.6 from 72.3 last month, topping economists' forecasts for a slight uptick to 72.4.

Americans were also more optimistic about the state of the economy with the measure of current economic conditions rising to its highest level since January 2008 at 87.6 from 82.7.

Read more: http://www.reuters.com/article/2012/08/17/us-usa-economy-sentiment-idUSBRE87G0H420120817

[Kingofalldems]

1. Repubs not liking this one

[Jackpine Radical]

2. I just sent the link to MFW* with the caption

"Terrible News…"





*My Favorite Wingnut

[bushisanidiot]

3. Count me as one of those confident consumers!

I just bought a new oven and refrigerator from Sears!

[SoapBox]

4. But, but, but, but...

According to the Party of Thug, Bully and Bagger as well as ALL the Limp Media, the country is PLUNGING into a death spiral!

As we speak...everything is bad, bad, bad!

Oh ya, that's the RePuke way...always negative, always nasty, always depressing and always threatening.

[Ikonoklast]

5. My second oldest and his SO just closed on nice house in my childhood neighborhood.

It was bank owned, still in decent shape, needs a few relatively minor fixes, but the price was right and the financing was so cheap, they are actually better off paying a mortgage than paying rent on the two-bedroom apartment they have.

They figure that the only extra expense over what they are paying in rent right now will be the utilities.

[magic59]

6. We will see how long the party lasts

when the retailers stop giving stuff away. The stock market is at its over exuberance faze again. It will all come crashing down on whom ever is president in 13'.

[Purveyor]

7. Just hoping to cruise through Nov. eom