Free Markets, Free People

Meanwhile, the economy returns another “unexpected” negative

I’m not sure how this is “unexpected, but it certainly isn’t good news around election time.  Why?  Because when consumer confidence dips, that means the likelihood of an increase in private consumption, something that would help the economy, isn’t at all high.

U.S. consumer confidence unexpectedly weakened in August to its lowest in nine months as Americans turned more pessimistic about the short-term outlook, according to a private sector report released on Tuesday.

According to the article, consumers are concerned about price increases and expecting inflation during the next 12 months. It was the lowest level since November. July was originally reported as 65.9.

“Consumers were more apprehensive about business and employment prospects, but more optimistic about their financial prospects despite rising inflation expectations,” said Lynn Franco, director of The Conference Board Consumer Research Center, in a statement.

But hey, don’t worry … be happy!  Hope and change.  Forward.

Yee haw …

~McQ

Twitter: McQandO

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8 Responses to Meanwhile, the economy returns another “unexpected” negative

  • And more to the point, we’re all going to vote for Obama, because we’re so happy and confident and all.
     
     
    I guess the Dems believe the reason we’re losing confidence is because we’re afraid that a bunch of crazy people are going to vote Romney and Ryan, because they’re going to buy the election, and Obama will lose.   That’s it, right?

  • On our present trajectory, this is TOTALLY predictable, and predicted.
    When we CHANGE that trajectory, you will see an immediate…and predicted…return of HOPE.  Which will bring CHANGE.  Which will create more HOPE.
    See?  A nice feed-back loop.

    • This was totally predictable.
      All you have to do is look at gas prices.  They went down for a while, but they’re back up again.  On schedule, Obama made his much better played than normal SPR announcement, which promptly got drown out by a couple of refinery fire (one foreign and one domestic) and of course there is Issac.  In the end, the SPR play was lost in the noise,  but the gas prices are still high.

  • Unexpectedly!
    How does the “Smartest Administration EVAR!” keep getting blindsided like this?
    One would think that even the most rabid Obamaite would start to wonder about this, since they’re so brilli…
    Never mind.

    • “Unexpected” – Democrats seem to have the same sense of object permanence as the average 6 month old.

  •  “Because when consumer confidence dips, that means the likelihood of an increase in private consumption, something that would help the economy, isn’t at all high.

    Isn’t that Keynesian?