2009-05-26 — bloomberg.com
Confidence among U.S. consumers jumped this month to the highest level since September, reflecting growing perceptions that the job market will improve.
The Conference Board’s sentiment index surged to 54.9, higher than forecast and the biggest gain since April 2003, the New York-based research group said today. Another report showed home prices continued to plunge.
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Jess Badlybent at 01:52 2009-05-27 said:
1.) We found out what happens when we put too many of our eggs into the 401K retirement basket. Should have not saved it and just had fun with it in the first place. 2.) The way the Fed has been running the printing presses, and rapidly devaluing our money, it doesn’t make sense to lose money by saving. 3.) Better to spend the few dollars I have in the bank now, while it still has some value, than to fool myself into believing it will help me when I lose my job. 4.) My neighbor lost his job and went through his savings in a month…all spent! 5.) My other neighbor is spending money faster than he can earn it…to save the country….because our politicians said to. 6.) This is (un)Earned Income tax season. Easy come, easy go. Might as well spend it fast. 7.) Car prices are down as automakers struggle – good time to talk about buying a new car. 8.) Prices of big ticket items are down 19.1 percent – why not buy something big like a major appliance? = THEYâ€RE RIGHT!!!! All this domestic flight from the falling dollar must indicate an increase in consumer confidence. I may be beat down but, brother I ain’t broke. I’m Jess Badlybent Permalinkadd a comment | go to forum thread
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