Snake Posted August 28, 2018 Share Posted August 28, 2018 WASHINGTON (AP) — Americans’ consumer confidence rose in August to the highest level in nearly 18 years as their assessment of current conditions improved further and their expectations about the future rebounded. The Conference Board reported Tuesday that its consumer confidence index rose to 133.4 in August, up from a reading 127.9 in July. It was the highest reading since confidence stood at 135.8 in October 2000. Consumers’ confidence in their ability to get a job and the overall economy are seen as important indicators of how freely they will spend, especially on big-ticket items such as cars, in coming months. Consumer spending accounts for 70 percent of economic activity. “Expectations, which had declined in June and July, bounced back in August and continue to suggest solid economic growth for the remainder of 2018,” said Lynn Franco, director of economic indicators at the Conference Board. “These historically high confidence levels should continue to support health consumer spending in the near term.” The overall economy, as measured by the gross domestic product, grew at a 4.1 percent rate in the April-June quarter, the best performance since 2014. That estimate will be revised Wednesday. Many economists believe growth has slowed a bit in the current quarter to around 3 percent but will remain far ahead of the weak 2.2 percent GDP growth rate in the first quarter. “Confidence is soaring to new heights which makes us bullish on growth and forecasts that this expansion may indeed shatter records for longevity next summer,” said Chris Rupkey, chief financial economist at MUFG Union Bank in New York. https://apnews.com/a9444498173d4f42a52c83adb947fa74/US-consumer-confidence-rises-to-18-year-high Quote Link to comment Share on other sites More sharing options...
Anler Posted August 28, 2018 Share Posted August 28, 2018 Thanks Russia! Quote Link to comment Share on other sites More sharing options...
Zambroski Posted August 28, 2018 Share Posted August 28, 2018 5 minutes ago, Nazipigdog said: Thanks Russia! Wait...they are our friends again? Fuck...I missed the button reset ceremony! Damn it!! Quote Link to comment Share on other sites More sharing options...
Anler Posted August 28, 2018 Share Posted August 28, 2018 1 minute ago, Zambroski said: Wait...they are our friends again? Fuck...I missed the button reset ceremony! Damn it!! I dont know why anyone would be our "friends" at this point. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted August 28, 2018 Platinum Contributing Member Share Posted August 28, 2018 (edited) 5 minutes ago, Zambroski said: Wait...they are our friends again? Fuck...I missed the button reset ceremony! Damn it!! Maybe it was the deep state's plan all along. Try to set Trump up with Russia collusion only to backfire and create one of the strongest economies we've ever had. They need him out before October because the axe is coming out on spending. I'm telling you Trump won't sign this bullshit again. https://www.nytimes.com/2018/03/23/us/politics/trump-veto-spending-bill.html Edited August 28, 2018 by Highmark Quote Link to comment Share on other sites More sharing options...
Zambroski Posted August 28, 2018 Share Posted August 28, 2018 11 minutes ago, Highmark said: Maybe it was the deep state's plan all along. Try to set Trump up with Russia collusion only to backfire and create one of the strongest economies we've ever had. They need him out before October because the axe is coming out on spending. I'm telling you Trump won't sign this bullshit again. https://www.nytimes.com/2018/03/23/us/politics/trump-veto-spending-bill.html Yup. SHUT IT DOWN. Even as he signed the bill, the president seethed about being forced to swallow legislation that broadly repudiated an agenda that once foresaw the reshaping of the federal government into his “America First” image. Quote Link to comment Share on other sites More sharing options...
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