My comment: More and more signs that US economy enters into the second phase of the U-type crisis. It falls, yet its pace of decline moderates and probably will moderate even more along next 12 months more or less and probably will bottom in the last quarter of 2009 or first quarter of 2010.
Attention. As any other economy, i.e. China, that bottomed before the bigger risk will come once recovery starts. The second economic tsunami will come, but to have some months of calm is crucial for many people to get ready for the second wave. In any case, excellent news. Peoples´s wisdom perceives this coming recovery and it is a reason for joy. Peace and best wishes. Xi http://www.conference-board.org/economics/ConsumerConfidence.cfm The Conference Board Consumer Confidence Index™ Increases in April April 28, 2009 The Conference Board Consumer Confidence Index™, which had posted a slight increase in March, improved considerably in April. The Index now stands at 39.2 (1985=100), up from 26.9 in March. The Present Situation Index increased to 23.7 from 21.9 last month. The Expectations Index rose to 49.5 from 30.2 in March. The Consumer Confidence Survey™ is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the world's largest custom research company. The cutoff date for April's preliminary results was April 21st. Says Lynn Franco, Director of The Conference Board Consumer Research Center: "Consumer Confidence rose in April to its highest reading in 2009, driven primarily by a significant improvement in the short-term outlook. The Present Situation Index posted a moderate gain, a sign that conditions have not deteriorated further, and may even moderately improve, in the second quarter. The sharp increase in the Expectations Index suggests that consumers believe the economy is nearing a bottom, however, this Index still remains well below levels associated with strong economic growth." Consumers' appraisal of present-day conditions improved moderately in April. Those claiming business conditions are "bad" declined to 45.7 percent from 51.0 percent, while those claiming business conditions are "good" increased to 7.6 percent from 6.9 percent. Consumers' assessment of the job market was somewhat mixed. The percentage of consumers stating jobs are "hard to get" decreased to 47.9 percent from 48.8 percent in March, however, those saying jobs are "plentiful" edged down to 4.5 percent from 4.7 percent. Consumers' short-term outlook improved significantly in April. Those anticipating business conditions will worsen over the next six months declined to 25.3 percent from 37.8 percent, while those expecting conditions to improve increased to 15.6 percent from 9.6 percent in March. The employment outlook was also considerably less pessimistic. The percentage of consumers anticipating fewer jobs in the months ahead decreased to 33.6 percent from 41.6 percent, while those expecting more jobs increased to 13.9 percent from 7.3 percent. The proportion of consumers anticipating an increase in their incomes edged up to 8.0 percent from 7.8 percent. Source: April 2009 Consumer Confidence Survey, The Conference Board On Apr 2, 8:06 pm, Kamakazee <mscotts...@gmail.com> wrote: > My hope would have been that Obama would have taken up Bush on his > offer to attend the last meeting Grans. > > WASHINGTON: President George W. Bush said Saturday he vowed to leaders > of the world’’s biggest economies that the United States would enjoy a > “seamless” transition to the new team of president-elect Barack Obama. > “I told the leaders this: that president-elect Obama’’s transition > team has been fully briefed on what we intended to do here at this > meeting,” Bush told reporters after an economic crisis summit of the > Group of 20 nations. “I told them that we will work tirelessly to make > sure the transition between my administration and his administration > is seamless,” he said. “I told them that I hope he succeeds.” Obama, > who takes office on January 20, stayed away from the summit and the > Democrat is not bound to implement commitments made Saturday by Bush. > > Ah, the days when we had class in the Whitehouse...has it been that > long? > > On Apr 2, 1:31 am, Justice <justicewithh...@gmail.com> wrote: > > > > > Maybe London is a beginning -- or maybe it's just a result of the > > G-20. Time will tell. > > > We had a very large and bloody demonstration when the G-8 met on the > > west coast and again a few years later when they met in DC. > > > The last meeting was very calm because the president took the > > precaution of holding it in a southern state (known for police > > violence) and on a secluded island that was basically blocked for 20 > > miles up and down the coast. > > > Difficult to know or measure if people in this country are ready to > > demonstrate in this way again -- republicans have had their tea > > parties -- very small gatherings of mostly ideologues who want the US > > to hide in the sand and hope for the best. Some of their titular > > leaders are calling for revolution but not because we are spending too > > little on average people, but because we are spending too much on the > > poor. > > > They hope for a depression so that we will forget about Bush and bring > > back Hoover. > > > On Mar 31, 10:42 am, xi <xieu.l...@gmail.com> wrote: > > > > My comment: No change, not much to comment. > > > > :) > > > > We live a temporary period of calm. Yet CCI is low enough to monitor > > > it monthly. However, sentiment seems to be released through individual > > > criminal actions, it does not create any collective atmosphere to > > > release it. At least not yet. > > > > Peace and best wishes. > > > > Xi > > > >http://www.conference-board.org/economics/ConsumerConfidence.cfm > > > > The Conference BoardConsumerConfidenceIndex™, which had declined > > > sharply in February, was flat in March. TheIndexnow stands at 26.0 > > > (1985=100), up from 25.3 in February. The Present SituationIndex > > > declined to 21.5 from 22.3 last month. The ExpectationsIndex > > > increased to 28.9 from 27.3 in February. > > > > TheConsumerConfidenceSurvey™ is based on a representative sample of > > > 5,000 U.S. households. The monthly survey is conducted for The > > > Conference Board by TNS. TNS is the world’s largest custom research > > > company. The cutoff date for March’s preliminary results was March > > > 24th. > > > > Says Lynn Franco, Director of The Conference BoardConsumerResearch > > > Center: "ConsumerConfidencewas relatively unchanged in March, after > > > reaching an all-time low in February (Indexbegan in 1967). The > > > Present SituationIndexsuggests that the overall state of the economy > > > remains weak and that more job losses are on the horizon. Apprehension > > > about the outlook for the economy, the labor market and earnings > > > continues to weigh heavily on consumers' attitudes. Looking ahead, > > > consumers remain extremely pessimistic about the short-term future and > > > do not foresee a turnaround in economic conditions over the coming six > > > months." > > > > Consumers' assessment of overall present-day conditions remains > > > unfavorable. Those claiming business conditions are "bad" rose to 51.1 > > > percent from 50.5 percent, while those claiming business conditions > > > are "good" edged down to 6.8 percent from 7.0 percent last month. > > > > Consumers' appraisal of the labor market was somewhat more pessimistic > > > in March. The percentage of consumers saying jobs are "hard to get" > > > increased to 48.7 percent from 46.9 percent in February, while those > > > claiming jobs are "plentiful" was unchanged at 4.6 percent. > > > > Consumers' short-term outlook was moderately less negative this month. > > > Consumers expecting business conditions will worsen over the next six > > > months edged down to 39.1 percent from 40.7 percent, while those > > > anticipating conditions to improve increased to 9.1 percent from 8.5 > > > percent in February. > > > > The employment outlook was also moderately less pessimistic. The > > > percentage of consumers expecting fewer jobs in the months ahead > > > decreased to 42.6 percent from 47.0 percent, while those expecting > > > more jobs edged up to 7.1 percent from 6.8 percent. The proportion of > > > consumers expecting an increase in their incomes declined to 7.5 > > > percent from 7.9 percent.- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to world-thread+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
