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US consumer confidence hits three year high

By Agence France-Presse
Tuesday, February 22, 2011 11:32 EDT
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WASHINGTON — US consumer confidence hit a three year high in February as Americans became more optimistic that their finances would soon improve, according to a widely-watched indicator.

“Consumers are more positive about the economy and their income prospects, but feel somewhat mixed about employment conditions,” said Lynn Franco, director of the Conference Board’s consumer research center.

The board’s consumer confidence index rose to 70.4 percent in February, the highest level since the same month in 2008.

The improvement came despite lingering pessimism about the grim but slowly improving US jobs market.

With the unemployment rate still at nine percent, the number of Americans expecting more job opportunities in the months ahead actually fell.

Meanwhile respondents said they expected their own incomes to rise.

Economists were optimistic that the improved sentiment — which is seen as a sign of likely spending and investment — could be sustained.

“We expect this trend to continue in the near term, particularly as the labor recovery persists,” said Theresa Chen of Barclays Capital.

Agence France-Presse
Agence France-Presse
AFP journalists cover wars, conflicts, politics, science, health, the environment, technology, fashion, entertainment, the offbeat, sports and a whole lot more in text, photographs, video, graphics and online.
 
 
 
 
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  • Anonymous

    …..And they’re off! The American Debt Fed Sheep are back in the malls armed with high interest plastic to buy more Chinese made shit. Believing the TV and hastening the demise of our once great country.

    At least the poll shows they are “confident” about the “recovery”.

    All Hail Charsatan Bernak!

  • http://pulse.yahoo.com/_JETED5IFXLBHDCPATGS3JUS5HU Dip Stick

    Well here is a bunch of shit, piss and frosting. Who are they polling? A batch of test subjects on liquid sunshine LSD. Because, no rational person could possibly answer this way right now. Most likely they just made it up.

  • YeaSayer

    Who are they polling? The same people who think Reagan was the greatest President.

  • Anonymous

    And the debt has magically reversed its self!
    Obama n Boehnor are 2nd cousins
    Bush and Rummy never lied
    Reagan never sold WMD to Iraq
    Walker is not trying to bust the union
    the Chamber of Commerce wants amnesty for illegal workers

    the rethuglicans really think the masses are asses

    NOT we know that there is almost difference between dems and repos

  • NadePaulKuciGravMcKi

    “we see green shoots”

    controlled media
    federal reserve
    treasury dept
    wall street
    911scam
    AIPAC

  • Guest

    Where did they get these fucking stats? A parallel universe?!

  • http://pulse.yahoo.com/_YNNQTANISS6O73PQFCKC6AMP5A Jeremy

    hahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahahhahahahahahah!

    Srsly.

  • Anonymous

    This is silly. Consumers don’t as a rule know enough about the economy to know whether to be optimistic or not. It doesn’t change the unemployment rate, national debt, stagnant wages, offshoring of jobs, unionbusting by Republicans, shortfall of boomers’ retirement savings, rising health care costs, overpopulation, hate crime increase, decimation of the middle class, to name some examples. In fact all it does is get more people to increase their credit card debt. It’s like going to Sunday School and asking Ned Flanders if evolution is true. Completely meaningless.
    What matters? Well, support education, hire Americans, equal pay for equal work, single payer health care, solidarity of workers, frugality, planned parenthood, taxing corporations in line with their depridations on the planet, VOTE for people who will stick up for US, not big business, minimum wage, government regulation of banking and other “too big to fail” businesses, and sure, privatization where it makes sense but doing the good work of government where we need something besides how much money a person has to determine how much dignity we have in our lives, to name some examples.

  • http://pulse.yahoo.com/_TCMA5PJTVIOV6RTJT2OMVZK634 Richard

    This is more propaganda as they attempt to do away with fair labor practices

  • Guest

    Where could they possilby find confident consumers? Why they polled the fake “persona” people on facebook, that’s what our government is wasting our remaining precious reasources on, creating false consensus.(see other RawStory headline…

  • Anonymous

    Did they get the data from Rasmussen?

  • Anonymous

    Bwahahahahahahahahahahahahahahhahahahahahahahhahahahahahahahahhahahahahahahahahhaahaha

    This IS a joke, right Raw? RIGHT????????

  • Anonymous

    WTF — US consumer confidence hits three year high.

    The sheep have no clue. Spend sheep spend, because your last supper is just around the corner. Stupid Americas.

  • Anonymous

    I agree!

  • Anonymous

    Most Americans don’t know shit, or they have their head in the sand. Ask any American what POMO, QE, Peak Oil, GDP is about, or means, and they won’t have a clue. Those American’s should be reading the following sites, everyday:

    http://www.zerohedge.com/
    http://maxkeiser.com/
    http://www.kunstler.com
    http://www.chrismartenson.com/
    http://theautomaticearth.blogspot.com/
    http://peakoil.com/

    Just to name a few.

  • Anonymous

    Excellent

  • overdoneputaforkinit

    The engine for the US war machine is picking up speed. Expect a Republican President soon who will start more wars of choice and foreign occupations, followed by a downturn of the economy to be blamed on the next Democratic President.

  • http://pulse.yahoo.com/_QMPOO3PZFN7XV2XZKCGSXXR3WM Joe Somebody

    What labor recovery!?

    dwindling unemployment is not the same as job growth. There’s a _reason_ they are calling it a “jobless recovery” and “jobless growth”..

    We’ve still not seen any numbers of “added jobs” that is greater than the numbers of people falling off unemployment. That means people are falling off unemployment without jobs. That means the real unemployment is higher than 9%. Real unemployment hasn’t dropped from 20%; I suspect it’s crawling up instead of down.

    Too bad no body in the media has the balls to be honest about this.. just more bullshit about how “people THINK things might maybe get better.. sorta!”. Not helpful since people are stupid. Show me the numbers!

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