SubscribeAll Posts Tagged With: "consumer confidence"
This Is When the Big Money Is Made in Stocks
On March 20, I titled DailyWealth "A Dramatic Turn for the Better."
I laid out our True Wealth "script" for making money… with the conclusion that "Now is the time in the script that you want to buy stocks."
We hit the nail right on the head. And we’re still "on script." In mid-March, I told my paid subscribers, "The entire market could rise by 50% from its lows last week over the next 18 months." We’re already well on our way to seeing that prediction come true. The important thing to understand now is this:
Things are getting less bad. This is when the…
5May2009 | Stansberry and Associates | 0 comments | ContinuedIs the Consumer Confident?
There are literally hundreds of economic reports issued every week relating to everything from new and used home sales to consumer and producer prices, employment numbers and trade surpluses, GDP, PMI, ADP – the list goes on.  But what’s relevant?
Amid the numerical swamp are several items worth watching, particularly now as we pull ourselves out of a calamitous six months and begin to look forward to better days. And they all relate to confidence.
As one, old-time market commentator reported in his blog last week:
“There’s a tremendous horde of cash sitting on the sidelines, waiting, waiting… What it will take to…
14Jan2009 | Oxbury Research | 0 comments | ContinuedWill the Loss of Consumer Credit Serve as the Next Economic Aftershock to Further Fuel the Financial Crisis?
U.S. consumers are already losing their jobs at an accelerating rate.
The same thing is now set to happen to their credit lines.
But with so many Americans already losing their main source of income – their jobs – at an ever-spiraling rate, will an economy that derives two-thirds of its power from consumer spending end up mired in its worst funk in decades because those same consumers are now losing their charge accounts?
Before you dismiss the possibility, consider this: The U.S. economy weakened across all regions since the middle of October as it became tougher to get loans and demand for…
4Dec2008 | Money Morning | 0 comments | ContinuedUncertainty Escalates as Tomorrow’s Presidential Election Looms
Come Wednesday morning – after the presidential election tomorrow (Tuesday) – the United States will have a new commander-in-chief. The president-elect will face some significant challenges: A weak economy (okay, a recession, given last week’s gross domestic product (GDP) report, which confirmed just how dire the country’s economic situation had become).
While this week’s data from the manufacturing and housing sectors will be eagerly anticipated, nothing compares to Friday’s reports on unemployment and the picture of the ailing labor market. After nine consecutive months of job contraction, few analysts hold out much hope for optimism. In fact, some believe the jobless…
3Nov2008 | Money Morning | Comments Off | ContinuedSlowdown in Consumer Spending Could Lead to Recession by Year-End
Consumer spending, responsible for the bulk of U.S. gross domestic product (GDP), slowed in July as the effects of the government’s stimulus package tapered off.
The Commerce Department announced that consumer spending grew at a 0.2% rate in July. But on an inflation-adjusted basis, consumer spending dropped 0.4%, as high prices took their toll on the household budgets of strapped consumers.
“The temporary impact of the stimulus has passed, and it looks like consumer spending is on track to decline in real terms in the third quarter,” John Ryding, the chief economist at RDQ Economics, told The New York Times. “It’s…
1Sep2008 | Money Morning | Comments Off | ContinuedConsumer Confidence
Confidence Game
Cruising along at 30,000 feet, you peer out the window. Nothing to see here. Just limitless pale blue sky and the glare of the all-too-close sun hitting your eyes. The in-flight movie is silently playing out in front of you. You’d hoped to catch Iron Man in the theater, but the idea of paying $7 to see it in its edited-for-airlines glory isn’t as appealing.
There’s nothing free to do on airplanes anymore.
Even the peanuts and the soda come at a price. The ticket is more expensive, the flights are less frequent. Somehow, flying has become even less fun. For…
18Aug2008 | Whiskey and Gunpowder | Comments Off | ContinuedGlobal Investing Roundups
Another Coal Merger; Pickens Denounces Yahoo; Possible UK/Spain Airline Merger; Alcatel-Lucent Ousts Top Brass; Consumer Confidence Climbs from 10-Year Low; Home Prices Continue Collapse; Northrop Grumman Sees Second Quarter Profit Soar; U.S. Steel’s Ironclad Earnings
-Teck Cominco Ltd. (TCK) yesterday (Tuesday) announced that it would purchase Fording Canadian Coal Trust (FDG) in a combination cash and stock deal valued at $14.1 billion. Vancouver-based Teck already owns approximately 20% of Calgary-based Fording, Reuters reported. This deal will give Teck full control over Elk Valley Coal, the second-largest exporter of seaborne hard-coking coal, which is used in steelmaking.
-Famous billionaire investor T. Boone Pickens…
30Jul2008 | Money Morning | Comments Off | ContinuedHome Prices and Consumer Confidence Traverse Record Lows
Another fresh round of economic data was released yesterday (Tuesday) with the prognosis looking dire for the U.S. economy.
Home prices as measured by the S&P/Case Shiller composite index of 20 metro areas fell 1.4% in April from March and slumped by a record 15.3% over the year. The group’s composite index of 10 metro areas dropped 1.6% in April, making for a record 16.3% annual drop.
According to the S&P, 13 of the top 20 metro areas are still posting record annual declines with price losses in the double digits for half of the areas.
“The potential is a vicious cycle which…
25Jun2008 | Money Morning | Comments Off | ContinuedWeak Consumer Spending, Record-Low Consumer Confidence Spell Bad News for the U.S. Economy
Consumer spending – the driving force behind the U.S. economy – slowed in April.
Soaring prices wiped out any benefit from the scant 0.2% increase in consumer spending in April, the Commerce Department announced. After adjustment for inflation, consumer spending was flat at 0.0%.
“Consumers are still spending, but just enough to keep up with price increases and nothing more,” Joel Naroff, president and chief economist of Naroff Economic Advisors LLC, said in a note to clients the day the report was released.
The April rate of consumer spending represents a slow-down from March’s 0.4% increase.
Inflation was mild, if you disregard food and…
2Jun2008 | Money Morning | Comments Off | ContinuedConsumer Sentiment at Lowest Level Since Stagflation Era
Mirroring the stagflation of the early 1980s, consumer sentiment hit its lowest level since that time period this month as short-term inflation continues to ramp up.
The Reuters/University of Michigan preliminary index of consumer sentiment dropped to 59.5 in May from 62.6 in April. The index is at its lowest level since June 1980. Consumer confidence was at 85.6 as recently as 2007.
“The consumer is getting extremely grumpy,” Brian Bethune, director of financial economics at Global Insight Inc., who had forecast a decline in the confidence index to 59.6, told Bloomberg News. “The economy is flirting with a recession. The only…
19May2008 | Money Morning | Comments Off | Continued
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