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Consumer Confidence Rises From Miserable to Pretty Bad

Written by Gary North on February 3, 2012

Sometimes, headlines are misleading. They are a form of bait and switch. Here was the headline:

Consumer Confidence in U.S.

Increases for a Second Week in

Bloomberg Index

That looked good. Then reality set in. Pay attention to the word minus.


Consumer confidence in the U.S. climbed for a second week as Americans became less pessimistic about the prospects for the world’s largest economy.

The Bloomberg Consumer Comfort Index (COMFCOMF) rose to minus 44.8 in the period to Jan. 29 from minus 46.4 the previous week. A measure of Americans’ view of the state of economy climbed to the highest since June. . . .

All three components of the weekly consumer comfort index improved. The measure of Americans’ views of the state of the economy rose to minus 79.1 last week from minus 81.1 the prior period. The gauge of personal finances climbed to minus 4.5 from minus 6.9. An index of the buying climate rose to minus 50.8 from minus 51.3.

The Bloomberg comfort survey has a 3-point margin of error, and the index has been stuck below minus 40 — the level associated with recessions or their aftermath — since the end of February 2011. The confidence gauge, which began December 1985, averaged minus 46.8 last year, compared with minus 45.7 for 2010 and minus 47.9 in 2009, the worst full-year reading on record.

Forty-one percent of survey respondents said the economy is in “poor” shape, the fewest since March.


For more details, click the link.

Continue Reading on www.bloomberg.com

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23 thoughts on “Consumer Confidence Rises From Miserable to Pretty Bad

  1. Pffffttt.. Ok..Maybe at Bloomberg it got better..Still getting worse around here. …Is this Reelection Time??

  2. Consumer Confidence in the Media is still.. Miserable!

  3. Bill McCroskey says:

    Which media are you talking about TASS (CNN) or Pravda, (MSNBC) or both???

  4. Can't tell a difference in any of them.. Looks like every one of them is owned by the same person..Who tells them what to put out.

  5. John Stewart says:

    So now there is a marked difference between garbage and trash? I would hate to live on the difference!

  6. can't come soon enough!!

  7. that's never going to move up is it?

  8. propaganda isn't exclusive to china or russia.

  9. Q. How can you tell when Nancy Pelosi has been smoking dope?
    A. she answers the door when the phone rings.

    Q. Why did Jane Fonda vote for Barack Obama?
    A. Because Ho Chi Minh is dead.

    Q. What sign was Barack Obama born under?
    A. For Sale.

  10. Q. What do you call a building filled with snakes, cockroaches, worms, fungus & smells like a cesspool???
    A. A Mosque.

    Q. Why does Barack want higher taxes?
    A. Cause he won’t be the one paying them.

    Q: What's the problem with Barack Obama jokes?
    A: His followers don't think they're funny and other people don't think they're jokes.

    Q: What’s the difference between a zoo and the White House?
    A: A zoo has an African lion and the White House has a lyin’ African.

  11. just sayin says:

    It amazes me every day how the media pounces on any data that favors their "administration". Every time I hear things like this on the radio or the news, I am disgusted at how slanted the headline is compared to the reality. I believe the only positive feeling people are getting is one that will improve as we get closer to the election. People are praying and using positive thinking to try to MAKE it better. The closer we get to the end of this puppet's rule, the better we will all feel. So get ready to hear how our confidence is improving for the next 10 months!

  12. toosmarttovoteGOP says:

    Roger Ailes.

  13. toosmarttovoteGOP says:

    So much for the integrity of a U.S. Marine. I'd say "You should be ashamed" but where lying is typical for conservatives, shame is unknown to them.

  14. Bill McCroskey says:

    That is sadly true….indoctrination to the party line disguised as news. CNBC is the absolute worst offender…no wonder their ratings for their 'news' shows are in the toilet…and sinking from there. Can MSNBC's constant use of the word 'glorious' be very far off ??

  15. DEFEATOBAMAIN2012 says:

    yes some of the jobs are back, but you can bet they are accepting lower wages just to get a job.
    and bho wants to import more illegals to work our technical jobs, so our techs will have to take lower paying jobs,
    wait until 2013 when he gets his wish and raises taxes on everyone, so he can spend spend spend and raise raise raise taxes

  16. DEFEATOBAMAIN2012 says:

    Jobs or no job improvement, we still don't like his policies or
    where his plans to take the United States into a 6th century third world country
    under the United Nations dictatorship.

  17. Wisher well says:

    that's right defeatobamamain2012, yes some of the jobs are back, but you can bet they are accepting lower wages just to get a job. Apparently, you were out of the country for the W years. During that time, a LOT of people lost their middle class jobs and had to work for lower wages because the Republicans ruled, so you pompous butt wipe, get your facts straight and out of Eric Cantor and John Boehner's behinds. Maybe you'll lose your job and the republicans don't pass any jobs bills and you end out on the street. I wish you ne'er well

  18. Am I therefore become your enemy, because I tell you the truth? Galations 4:16

  19. Is Your Food Safe To Eat?
    Let's examine the evidence… http://www.youtube.com/watch?feature=youtube_gdat

  20. With Obama it's not just the economy, but all the other things he has done to this country. He is now forcing the Catholics to offer contraceptives to their employees in their health care if they are a school, university, hospital. This is against the Church's teachings, and they are furious about this. As someone said recently, first it will be the Catholics, then the other religions as he wants to destroy them. He says he is a Christian and said that Jesus would want people to pay higher taxes. I think he has been to church a couple of times in three years and has done away with the National Day of Prayer at the White House, although he brought a bunch of Muslims in for whatever prayers they might have. He supported a mosque near the 9/11 hallowed ground, he TALKS to the Iranians who are laughing in his face, and he has incurred more debt in this country than all the presidents since George Washington. If the people in this country are ignorant enough to re-elect him, you will be living in a third world country by the time his second term is up. You can kiss your health insurance good-bye, especially if you are a senior citizen. He has been a disaster for this country, and lies constantly about everything.

  21. Speaking of US jobs, when you make a call for technical support and are speaking with someone who is obviously from another country, DEMAND to speak with someone in the U.S. – I hear they have to put you through. If enough people request that they speak with an American, the jobs may flow back here.