Gary Thayer
Gary Thayer
bit confidence healthy high pull saw year
Overall, confidence is still at a healthy level, up from where it was a year ago, but we did pull back a bit from the three-year high that we saw in June.
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Historically, when we see confidence decline, we have to watch and see if it shows up also affecting spending. We'll be watching closely to see ... whether the decline in confidence is more of a psychological factor or a real factor affecting spending.
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Confidence is up again -- to the highest level in over two years. Consumers are feeling better not only about current conditions, but also about prospects for the future.
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Fewer people are worried about jobs right now, more people think that jobs are easy to get, and I think that's supporting confidence despite the high energy prices.
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The upturn in confidence is an encouraging sign that economic conditions are stabilizing after the hurricanes. Lower energy prices are helping, but the upturn in employment is also a plus.
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It looks like the economy is stabilizing after the hurricane-related stresses and we're heading into the holidays with an upturn in confidence that is encouraging and bodes well for the good consumer spending over the next month or so.
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It shows that consumers are feeling poorly about the economy, similar to what we've see in other recessions. Confidence is not as low as it was in the recessions of the early 1990s and early 1980s, but it is dropping in response to the worsening employment situation and the concern about the terrorism threat.
close peak
I think we're close to a peak in the unemployment rate. The upswings in manufacturing and non-manufacturing show we're close to it now.
close peak
I think we're close to a peak in the unemployment rate, ... The upswings in manufacturing and non-manufacturing show we're close to it now.
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I think what he's concerned about is that the economy is on a good, healthy trajectory and if we do see some upward pressure on inflation somewhere down the road that that could cause the economy to heat up a bit.
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We got good news on inflation. People anticipate that with inflation still very low, the Fed will stay on hold for awhile.
buying consumers
It does show consumers are in a buying mood,
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It is encouraging that consumers are taking the negative things that are happening recently. Possibly the employment situation is outweighing other concerns.
orders weakness
Manufacturing is expanding, but not as broadly as in November. There was weakness in new orders and employment.