Consumers Are Thrilled, Economic Data Is Kicking Ass, And The Stock Market Is Going Wild

[bigtree]

Business Insider ?@businessinsider 23m
Consumers Are Thrilled, Economic Data Is Kicking Ass, And The Stock Market Is Going Wild http://read.bi/152QoX4

After wobbling last week, the Dow is surging another 190 points today. HUGE.

Second, consumers are really happy. The latest Consumer Conference Board consumer confidence index just destroyed expectations.

And it's not just that consumer number, all kinds of US numbers are beating lately.

Richmond Fed manufacturing beat this morning.

Case-Shiller home prices beat this morning.


read: http://www.businessinsider.com/consumers-are-thrilled-economic-data-is-kicking-ass-and-the-stock-market-is-going-wild-2013-5

[JackN415]

1. Why post this? It's not a scandal, no Benghazi,..You want to kill Republicans?

They need scandals diet to live. Or the sky is falling.

[bigtree]

2. How the GOP divide their time

TheObamaDiary.com ?@TheObamaDiary
How the GOP divide their time: pic.twitter.com/XQviE6YVJ2

[JackN415]

18. As a matter of fact, I'm waiting for a correction in the style of 1987...

I have my own modeling and my model has failed so far because it told me to get out in Feb. Which I did.

The market may be roaring until July... or who knows, it may keep on going and going (cue the drumming pink rabbit) ... for the greatest bull run ever in history.

But I believe at most a correction may happen soon and anyone get in at "the dip" will do well 6 months afterward. I'm bullish for the next couple years of world economy.

[backscatter712]

25. I know, the Republicans are in sackcloth and ashes today!

Woe is their political fortune!

[MrMickeysMom]

3. Forget the Dow... What are the credit markets allowing consumers to do?

Where are the jobs?

Why has consumer debt and student loan debt gone out of sight?

How is it that hourly pay after graduating vocational/technical courses in 2-year programs have somehow surged ahead of what the average wage earner gets after post graduation from a 4 year degree program (and student loan debt)?

What kind of job growth has registered in this country for the under-or unemployed?

Why can't consumers get the same break on loan interests that banks do?

Why is our infrastructure at the point of such disrepair that it contributes to more and more road and bridge accidents?

Where did the high level manufacturing jobs go over the last 30 years and through what trade agreements?

Why can't the American public or their Representatives have the same information as corporations do in these emerging world trade agreements?

What percentage of the American worker can afford a single family home?

Why do over 440,000 Americans have no health insurance?

Why do one in five persons working have no vacation benefits?

Who thinks that any of this economic data-is-kicking-ass bullshit means anything for the future of Americans living, working their ass off and contributing way out of proportion to any corporation or high income (1%) earner?

Not, me, bigtree!

[Kablooie]

4. Who needs jobs? Everyone can just sit back and live off their stock gains!

[Octafish]

23. And for the majority without any, they can live off them vicariously!

That's the neo-liberal way: "I thought of you when you lost your job and prayed for you when you lost your home, just don't ask me to tax the rich."

[forestpath]

6. Not me either.

[bahrbearian]

8. Right On

[Safetykitten]

9. This constant intrusion of reality will not be tolerated. Please stop and be happy.

[nadinbrzezinski]

11. What s this you speak off? Reality?

Your ration of chocolate went up, and victory gin is in the cupboard.

[FirstLight]

17. ...exactly,

and contrary to popular belief here at DU, seeing things as they are doesn't make anyone an 'Obama Hater'...

Because personally, my economic state has nothing to do with how much I like the President. The fact remains that my income has not changed significantly in ten years, and I am back in school trying to get a BA so I can be more 'marketable' but the reality is that I am in my 40s and don't know if that's even possible anymore.

so those 'economic indicators' can go take a flying leap IMO

[Doctor_J]

19. Your problem is that you think the 99% are part of America

as soon as you realize that the US is now run by and for the hyper-rich, you'll stop worrying about jobs and such.

[JackN415]

21. Nobody is belittling the "jobless" recovery situation we have at hand...

It pains those who have long given up looking for work (which make the unemployment stat better looking than it should be), and I knew some of those people in pain: my relatives.

But we just have to hope that all these capital investments will eventually driving something. Companies get cash, hopefully they will gingerly start hiring people again.

Remember, Romney economic plan was that people would be exuberant to have a pro-business President, the stock market would go up; with plenty QE capital and "good feeling" (business confidence), companies would hire people and solve the ultimate problem: unemployment.

Things are moving in this direction. Except Mitt isn't in the White House.

[MrMickeysMom]

26. You're right... Mitt isn't in the White House...

and, sure as anything, neo-futilism is WAY more stable than some of the relatives you "knew"...

[Exen Trik]

7. The stock market isn't actually useful, but I guess it "looks good"

Repubs can't point to it and say Obama is screwing it up. That's about all it's good for: appearances.

[marybourg]

14. Actually it's been good for raising our standard of living

for the 25 years we've already been retired, and making it likely we'll be able to afford home or out of home help when we need it later on.

[Pragdem]

10. Don't worry. Obama haters on both sides will tell you how wrong you are.

They judge the entirety of the economy on their personal situations only.

Kind of selfish, really.

[fasttense]

13. Yes, because if you are not doing well in this cut throat capitalist economy

It's all your own lazy ass fault.

You didn't go to the right schools, even though you were lucky to afford any amount of schooling. You didn't pick rich parents like Bill Gates (and you didn't steal computer time from a local hospital - like Bill Gates). You were NOT willing to sell out friends and colleagues for profit. It's your own fault that firing people and stealing pension funds bothers you. Get over it, you're so selfish to think you matter. See, you are so unimportant, the whole American economy has recovered and left you behind. Even though 100 million employment age American adults have no jobs, it's just you who are the problem not the capitalist gone wild economy.

[Dawgs]

34. Holy shit. What you wrote is really embarrassing.

Should be removed.

[Dash87]

12. Another Democratic President, another economic boom.

And yet Obama is supposedly bad for business. I guess not.

[cantbeserious]

29. What Economic Boom?

eom

[reformist2]

15. That is such a lie about consumer confidence. It's up, but still well below historical averages.

This is a somewhat dated chart, but pencil in the current number - 76 - and you'll see that consumers are not that confident.

[Safetykitten]

16. Thank you for the reality check and perspective.

[cantbeserious]

28. Thank You - The Cheerleading Is Not Appreciated

eom

[Initech]

20. Meanwhile no new jobs, no new wage increases.

And corporations still continue to stack billions overseas to avoid paying taxes.

[Scurrilous]

22. Oh, heck...

[NCTraveler]

24. Income disparity was never addressed. That is a huge problem.

I cannot celebrate trickle down economics. I know that the economy gaining strength will help more people. But the divide between the rich and poor is growing greater every day. A strong economy, in its current state, will put more food on the shelves at soup kitchens. It will not address why we have so many needing to use soup kitchens in the first place.

[cantbeserious]

27. Wall Street Is Not Main Street - Don't Confuse The Two

eom

[AgingAmerican]

30. The stock market doing well does not impress me. Fake money.

The other data is good news though.

[reformist2]

32. It's not even real for the people who think they have it. When they all start withdrawing...

...when they retire, it's going to fall... a lot. Supply and demand, baby!

[librechik]

31. bad news for repubs.

It's going to be tough for them to jump off the gloom-and-doom-Obama-made-this bus.

but they can comfort themselves that they never let the news stay in the mainstream that Bush made the recession. They did their jobs of lying, obfuscation and distraction.

[bvar22]

33. Thats GREAT for the 1%, meanwhile:

Half of America is in poverty, and its creeping toward 75%
http://www.alternet.org/economy/real-numbers-half-america-poverty-and-its-creeping-toward-75-0

Wealth gap widens as labor's share of income falls
http://www.nbcnews.com/business/wealth-gap-widens-labors-share-income-falls-1B6097385

As the Economy Recovers, the Wealth Gap Widens
http://www.usnews.com/news/blogs/rick-newman/2013/03/11/as-the-economy-recovers-the-wealth-gap-widens

Top One Percent Captured 121 Percent Of All Income Gains
http://www.huffingtonpost.com/2013/02/12/top-one-percent-income-gains_n_2670455.html

Corporate Profits Hit Record High While Worker Wages Hit Record Low
http://thinkprogress.org/economy/2012/12/03/1270541/corporate-profits-wages-record/?mobile=nc


Things like THIS ^ do NOT happen by accident.
They are the direct results of Economic Policy.
The RICH and their employees in Washington have this "Jobless Recovery" thing down pat.
They know Just-What-to-Do.

...but we can't "begrudge them their wealth."
So WOOHOO for the RICH and their recovery.
Maybe they will let some crumbs trickle down on us poor slobs who have to work for a living.


[font color=firebrick][center]"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans.
I want a party that will STAND UP for Working Americans."
---Paul Wellstone [/font][/center]
[center][/font]
[font size=1]photo by bvar22
Shortly before Sen Wellstone was killed[/center][/font]

[NewJeffCT]

35. Things are getting better

but, other than the stock market & corporate profits, things are not booming.