U.S. Consumer Confidence Rises To 5½-Year High

[Purveyor]

Source: Associated Press

WASHINGTON (AP) - Americans' confidence in the economy inched closer to a 5 ½-year high on growing optimism that hiring and wages could pick up in coming months.

The Conference Board, a New York-based private research group, said Tuesday that its consumer confidence index rose to 81.5 in August. That's up from a revised reading of 81 in July. And it's just below the 82.1 reading in June, which was the highest since January 2008.

Consumers' income expectations, which fell earlier this year after a January tax hike, rebounded to the highest level in 2 ½ years, said Lynn Franco, director of the Conference Board's economic indicators.

Although consumers were more confident about the future, their assessment of the current economy dipped slightly in August.

Read more: http://www.katu.com/news/business/US-consumer-confidence-rises-in-August-221337971.html

[kelliekat44]

1. Yes!! But we have to take it down with action in Syria! Can'thave things goin in positive trend.

[iamthebandfanman]

2. the sky is falling!

the sky is falling!

[Demeter]

3. Translation: The Propaganda is Working

because everyone knows, the Economy isn't working.

[fasttense]

4. That headline is really stupid

So...the US consumer confidence index rose to what exactly? To what it was Five and a half years ago? What happened about that time?

Why the housing crisis hit and crashed the value of the CDOs. This was soon followed by Paulson going around wringing his cracked dry hands and poking out his bullet head from his hunched shoulders fearfully throwing out rescue packages for his buddies on Wall Street.

Soooooo consumer confidence is as high as when the economy 1st crashed. That high? really? Soon it will rise to levels seen after Japan bombed Pearl Harbor, or as high as when the dust bowl reached Washington DC, or when Hitler attacked Russia. Who knows how high that index will get? The sky's the limit.

[Safetykitten]

6. Nice post!

[Kelvin Mace]

5. Whistling past the graveyard

There are so many birds out there coming home to roost, we are going to be eyeball's deep in bird shit.