Archive for confidence

Quickie- US consumer sentiment reaches 6-year high in July

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goodnews1

God forbid this should interrupt the daily march of doom and gloom. Harumph.

WASHINGTON — Americans are more confident about the economy than at any time since July 2007, a survey found, suggesting consumers will spend more and accelerate growth in the months ahead.

The University of Michigan said Friday that its final reading of consumer sentiment in July was 85.1. That's up one point from June but nearly 13 points higher than a year ago.

Rising home prices and steady job gains are boosting household wealth and income. The proportion of Americans who expect their inflation-adjusted incomes to rise in coming year is greater than at any time since late 2007, the survey found. And the percentage of Americans who say their home values have risen is also at a six-year high.

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Quickie- Poll: Congress Hits Rock Bottom

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downhand

Wow, I didn't think people were paying attention, but this makes it look like they are... alot.

Washington (CNN) - Americans' confidence in Congress as an institution has hit an all-time low, according to a new national poll.

Asked about a list of institutions in American society, only 10% of those questioned in a Gallup survey released Thursday say they have confidence in Congress. That's down three percentage points from last year, and according to their release, "this is the lowest level of confidence Gallup has found, not only for Congress, but for any institution on record."

Congress ranks last on a list of 16 institutions. At the top of the list: The U.S. military. Seventy-six percent say they have confidence in the armed forces. The presidency ranked fifth, at 36%.

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Quickie- US unemployment aid applications plummet to 346K

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greatnews

Gotta love adjusting!

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell sharply last week to a seasonally adjusted 346,000, suggesting March's weak month of hiring may have been a temporary slowdown.

US unemployment aid applications plummet to 346K Unemployment aid applications dropped by 42,000 last week, the Labor Department said Thursday. The steep decline reversed sharp gains over the previous two weeks and brought the level back to a point that signals stronger job growth.

The four-week average, a less volatile measure, rose 3,000 to 358,000.

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Confidence

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Today's Quickie:

Who do you think is feeling more confident?

Obama Plays Basketball, Romney Barnstorms in Ohio and Pennsylvania

That was today's Quickie. Was it good for you?

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Irish Paddy Power Betting Site So Sure Obama Will Win It’s Paying Out a Day Early

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Okay, I'm still trying to catch my breathe after laughing my butt off on that picture. Can you just imagine the wingnuts heads exploding becuase that beat threir RomBOt? SNORT. h/t Gawker

DUBLIN, Ireland, Nov. 4 (UPI) -- An Irish betting company called Paddy Power is already paying out to gamblers who bet on President Barack Obama to win the U.S. election.

Despite polls showing Obama and Republican nominee Mitt Romney virtually tied, Paddy Power is paying out a total of more than $800,000 to those who bet on Obama, believing that he will win the race, the company said in a release.

A Paddy Power spokesperson said: "Romney gave it a good shot and is doing well in the popular vote, but we suspect he's had his moment in the sun and is likely to be remembered more for his legendary gaffes than presidential potential. The overall betting trend has shown one way traffic for Obama and punters seemed to have called it 100 percent correct. Despite Romney appealing to the large evangelical and senior vote, America's sticking with black and cool."

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US business stockpiles grew solid 0.6 percent in August as sales rose 0.5 percent

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Not barn burning, but a slow steady growth. Apparently economists are feeling the growth too.

WASHINGTON (AP) — U.S. companies restocked their shelves at a solid pace in August while sales rose for a second straight month. The combination of higher stockpiles and increased sales should help to boost economic growth.

Business inventories grew 0.6 percent in August following a July gain of 0.8 percent that had been the strongest since January, the Commerce Department said Monday. Sales were up 0.5 percent in August following a 0.9 percent rise in July that followed a big drop in June.

Companies typically boost their stockpiles when they anticipate sales will rise in coming months. Faster restocking helps drive economic growth. When businesses order more goods, it typically leads to more factory production.

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Quickie- Home prices rise in nearly all major US cities

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Sales are up, prices are up, confidence is up!! I like.

WASHINGTON (AP) — Home prices rose in nearly all major U.S. cities in April from March, further evidence of a housing market that is slowly improving even while the job market slumps.

The Standard & Poor's/Case-Shiller home price index released Tuesday showed increases in 19 of the 20 cities tracked. That's the second straight month that prices have risen in a majority of U.S. cities.

And a measure of national prices rose 1.3 percent in April from March, the first increase in seven months.

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