Story Of Obama
- Thread starter Yannis
- Start date
Bloomberg
Consumer Sentiment
"Highlights
A big surge in consumer sentiment is a big surprise. The mid-month reading of 83.1 is up nearly five points from September which is a very big move for this report. Chatter this morning in the markets was looking for a dip back while the Econoday consensus was looking for no change. The gain is centered in the expectations component but also includes a sizable 2.9 point gain for the current conditions component, which at 88.6 is retesting its best level of the recovery which is August's 88.7. But the comparison to watch is with September and the nearly three point gain is an early signal of strength for October's set of monthly data.
"Expectations jumped 6.0 points to 79.5 which is by far the best reading of the recovery. This jump hints at confidence in future income prospects which belies the bulk of data coming out of the jobs market though it does underscore yesterday's drop in jobless claims and last week's drop in the unemployment rate. A separate reading on the 12-month economic outlook is up a big 10 points to 97.
"Gasoline and food prices don't seem to be disturbing the consumer with inflation expectations down sizably, to 3.1 percent vs 3.3 percent in September for the one-year outlook and to 2.6 percent vs September's 2.8 percent for the five-year outlook. This is a very positive report that will be raising talk in the market of economic improvement underway. The Dow is jumping to opening highs in immediate reaction."
Consumer Sentiment
"Highlights
A big surge in consumer sentiment is a big surprise. The mid-month reading of 83.1 is up nearly five points from September which is a very big move for this report. Chatter this morning in the markets was looking for a dip back while the Econoday consensus was looking for no change. The gain is centered in the expectations component but also includes a sizable 2.9 point gain for the current conditions component, which at 88.6 is retesting its best level of the recovery which is August's 88.7. But the comparison to watch is with September and the nearly three point gain is an early signal of strength for October's set of monthly data.
"Expectations jumped 6.0 points to 79.5 which is by far the best reading of the recovery. This jump hints at confidence in future income prospects which belies the bulk of data coming out of the jobs market though it does underscore yesterday's drop in jobless claims and last week's drop in the unemployment rate. A separate reading on the 12-month economic outlook is up a big 10 points to 97.
"Gasoline and food prices don't seem to be disturbing the consumer with inflation expectations down sizably, to 3.1 percent vs 3.3 percent in September for the one-year outlook and to 2.6 percent vs September's 2.8 percent for the five-year outlook. This is a very positive report that will be raising talk in the market of economic improvement underway. The Dow is jumping to opening highs in immediate reaction."
What this liberal organization doesn't tell you is that we all know by now that every leftist in this country who gets a call wrt what they feel about the economy, if they have a job, etc, lies to get Obama re-elected: yes, I have a job (but, of course, much more objective data from businesses disagree), yes, things are fine (but, of course, there's no more consumer spending to back that up), etc. Just wait and all these numbers (eg, unemployment, sentiment, etc) will crash again after the elections.
Now Obama is bowing to the Burger King!
<a href="http://s1169.photobucket.com/albums/r514/ch012501/?action=view&current=ObamabowingtoBurgerKing.jpg" target="_blank"><img src="http://i1169.photobucket.com/albums/r514/ch012501/ObamabowingtoBurgerKing.jpg" border="0" alt="Obama bowing to Burger King."></a>
<a href="http://s1169.photobucket.com/albums/r514/ch012501/?action=view&current=ObamabowingtoBurgerKing.jpg" target="_blank"><img src="http://i1169.photobucket.com/albums/r514/ch012501/ObamabowingtoBurgerKing.jpg" border="0" alt="Obama bowing to Burger King."></a>
New Fair-And-Balanced Ad: A Killer!
http://www.dickmorris.com/dicks-new...s&utm_medium=dmreports&utm_campaign=dmreports
http://www.dickmorris.com/dicks-new...s&utm_medium=dmreports&utm_campaign=dmreports
Retail Sales
Bloomberg Economic Calendar
"Highlights
The consumer was out spending more than expected in September-even after discounting gasoline prices. And also Apple appears to have bumped the numbers up. Total retail sales in September advanced 1.1 percent after gaining 1.2 percent the month before (originally up 0.9 percent). This was notably above market expectations for a 0.7 percent boost.
Motor vehicle sales increased 1.3 percent after a 1.8 percent jump in August.
Ex-auto sales jumped 1.1 percent, following a rise of 1.0 percent in August (originally up 0.8 percent). The consensus was for a 0.5 percent rise.
Gasoline sales continued strong gains, increasing 2.5 percent in September, following a 6.1 percent spike the prior month. Excluding both autos and gasoline components, sales still posted a healthy 0.9 percent gain, following a 0.3 percent gain in August (originally up 0.1 percent).
Core components showed widespread gains. Leading the way were electronics & appliance stores (up 4.5 percent), nonstore retailers (up 1.8 percent), and building materials & garden equipment (up 1.1 percent). Electronics & appliance store sales likely reflected to a notable degree sales of iPhone 5. Still, the broad based gains are encouraging.
Market Consensus before announcement
Retail sales in August gained 0.9 percent after a 0.6 percent boost the prior month. Motor vehicle sales jumped 1.3 percent after a 0.1 percent rise in July. Ex-auto sales increased 0.8 percent, following a 0.8 percent advance in July. Gasoline prices played a big role in lifting retail sales. Gasoline station sales surged 5.5 percent in August, following a 0.4 percent rise in July. However, excluding both autos and gasoline components, sales edged up only 0.1 percent, following a 0.8 percent spike in July (originally up 0.9 percent). Core components were mixed with strength in building materials and food services & drinking places. Weakness was led by electronics & appliance stories and general merchandise. "
Bloomberg Economic Calendar
"Highlights
The consumer was out spending more than expected in September-even after discounting gasoline prices. And also Apple appears to have bumped the numbers up. Total retail sales in September advanced 1.1 percent after gaining 1.2 percent the month before (originally up 0.9 percent). This was notably above market expectations for a 0.7 percent boost.
Motor vehicle sales increased 1.3 percent after a 1.8 percent jump in August.
Ex-auto sales jumped 1.1 percent, following a rise of 1.0 percent in August (originally up 0.8 percent). The consensus was for a 0.5 percent rise.
Gasoline sales continued strong gains, increasing 2.5 percent in September, following a 6.1 percent spike the prior month. Excluding both autos and gasoline components, sales still posted a healthy 0.9 percent gain, following a 0.3 percent gain in August (originally up 0.1 percent).
Core components showed widespread gains. Leading the way were electronics & appliance stores (up 4.5 percent), nonstore retailers (up 1.8 percent), and building materials & garden equipment (up 1.1 percent). Electronics & appliance store sales likely reflected to a notable degree sales of iPhone 5. Still, the broad based gains are encouraging.
Market Consensus before announcement
Retail sales in August gained 0.9 percent after a 0.6 percent boost the prior month. Motor vehicle sales jumped 1.3 percent after a 0.1 percent rise in July. Ex-auto sales increased 0.8 percent, following a 0.8 percent advance in July. Gasoline prices played a big role in lifting retail sales. Gasoline station sales surged 5.5 percent in August, following a 0.4 percent rise in July. However, excluding both autos and gasoline components, sales edged up only 0.1 percent, following a 0.8 percent spike in July (originally up 0.9 percent). Core components were mixed with strength in building materials and food services & drinking places. Weakness was led by electronics & appliance stories and general merchandise. "