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THE Consumer Confidence Thread (merged)

Discussions about the economic and financial ramifications of PEAK OIL

Re: Confidence

Unread postby Sixstrings » Mon 15 Dec 2008, 14:43:07

Well, at least the beaches and sunshine are still free
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Re: Confidence

Unread postby Byron100 » Mon 15 Dec 2008, 16:38:47

$this->bbcode_second_pass_quote('Sixstrings', 'W')ell, at least the beaches and sunshine are still free


The key word here is "still"...LOL. Just wait until those greedy capitalists gain the "right" to sell sunshine and beach access...it'd be far from free, to be sure!

Let's see, $20 for each person that gets to enjoy a sunny day over 70 degrees, and $50 dollars for each person to spend the day on the beach, parking extra of course.

Don't wanna pay that?? Oh well, too bad for you...they gotta make money somehow!...LOL :o :P :roll:
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Re: Confidence

Unread postby Cid_Yama » Mon 15 Dec 2008, 17:04:09

Main problem is the privatization of water. Soon you will find yourself living in the world of Ming the Merciless.
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Re: Confidence

Unread postby pedalling_faster » Mon 15 Dec 2008, 17:09:08

$this->bbcode_second_pass_quote('cipi604', 'W')e are just warming up for the greatest depression.


but we will be thankful for the earthworms & the tarp over our heads.
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Re:

Unread postby dinopello » Tue 26 May 2009, 11:15:40

Consumer confidence SOARS !

$this->bbcode_second_pass_quote('', 'C')onsumer confidence extended its rebound in May, soaring to the highest level since last September as more American shoppers are feeling the worst of the recession is behind them.
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Re: Consumer confidence jumps

Unread postby vision-master » Tue 26 May 2009, 11:25:44

The Fed's next task: combating runaway prices

$this->bbcode_second_pass_quote('', 'L')ately, a steady stream of economic data has suggested that while the economy is still shrinking, the pace of the decline is slowing. That, in turn, has stoked fears that the Fed's efforts to steer the economy away from a 1930s-era depression would push the country toward '70s-style inflation.



http://www.msnbc.msn.com/id/30938110/
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Re: Consumer confidence jumps

Unread postby AirlinePilot » Tue 26 May 2009, 15:05:56

Eli has it right. The pump monkeys dont care about trends. They dont care about fundamentals. They dont care about debt. They dont care about earnings. They dont care about valuing worthless assets correctly or not.

They care only about snippets of data which can be used to pump the markets right now. Taken out of context and with little to no proper analysis this is what you get.

Joe 6 pack has no clue of what is unfolding. Hel even smart folks who should know better seem to be running around with blinders on. It will just make the inevitable further donward trends that much more painful for the rest of us.
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Re: Consumer confidence jumps

Unread postby vision-master » Tue 26 May 2009, 15:10:01

$this->bbcode_second_pass_quote('AirlinePilot', 'E')li has it right. The pump monkeys dont care about trends. They dont care about fundamentals. They dont care about debt. They dont care about earnings. They dont care about valuing worthless assets correctly or not.

They care only about snippets of data which can be used to pump the markets right now. Taken out of context and with little to no proper analysis this is what you get.

Joe 6 pack has no clue of what is unfolding. Hel even smart folks who should know better seem to be running around with blinders on. It will just make the inevitable further donward trends that much more painful for the rest of us.


I wonder if gas will hit $4 gal this summer? I think, yes.......
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Re: Consumer confidence jumps

Unread postby Maddog78 » Tue 26 May 2009, 15:59:35

$this->bbcode_second_pass_quote('UncoveringTruths', '
')
Oil will be down today but with these types of reports it will be up tommorrow on projected demand from rosy future is bright reports.

I tell you they do it to themselves. :roll:



It didn't even wait till tomorrow. It rebounded and closed up.
I don't think we'll hit $4/gal this year though, unless Israel bombs Iran or something along that lines happens.
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Re: Consumer confidence jumps

Unread postby AAA » Tue 26 May 2009, 16:07:24

$this->bbcode_second_pass_quote('UncoveringTruths', '
')
This has got me thinking.. How can consumer confidence be high when everything costs more?


I think you guys are the ones with your head in the sand.

First, most everything costs LESS now that we are in a recession.

Cheaper houses, cheaper cars, cheaper groceries, cheaper clothing, cheaper stocks, etc... everything is on sale or marked down because retailers need customers.

Unemployment is less than 10% which means more than 90% of people still have jobs and are making money.
How can Ludi spend 8-10 hrs/day on the internet and claim to be homesteading???
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Re: Consumer confidence jumps

Unread postby 3aidlillahi » Tue 26 May 2009, 18:07:20

$this->bbcode_second_pass_quote('', 'I') think you guys are the ones with your head in the sand.

First, most everything costs LESS now that we are in a recession.


Umm, do you realize that he said that four years ago?
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Re: Consumer confidence jumps

Unread postby AAA » Tue 26 May 2009, 18:33:44

$this->bbcode_second_pass_quote('3aidlillahi', '')$this->bbcode_second_pass_quote('', 'I') think you guys are the ones with your head in the sand.

First, most everything costs LESS now that we are in a recession.


Umm, do you realize that he said that four years ago?


Nope :oops: but the crazy thing is that it is still true. 8O

Most everything is cheaper. TVs, Vehicles, Houses, Applicances, etc....
How can Ludi spend 8-10 hrs/day on the internet and claim to be homesteading???
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Re: Consumer confidence jumps

Unread postby dunewalker » Tue 26 May 2009, 18:34:50

$this->bbcode_second_pass_quote('AAA', '
')
I think you guys are the ones with your head in the sand.

Unemployment is less than 10% which means more than 90% of people still have jobs and are making money.


:roll:

Shadow statistics:

http://www.shadowstats.com/alternate_data
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Re: Consumer confidence jumps

Unread postby AAA » Tue 26 May 2009, 18:45:10

$this->bbcode_second_pass_quote('dunewalker', '
')Shadow statistics:

http://www.shadowstats.com/alternate_data


dunewalker,

You think unemployment is 20%???

AAA
How can Ludi spend 8-10 hrs/day on the internet and claim to be homesteading???
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Re: Consumer confidence jumps

Unread postby vision-master » Tue 26 May 2009, 18:52:19

$this->bbcode_second_pass_quote('AAA', '')$this->bbcode_second_pass_quote('UncoveringTruths', '
')
This has got me thinking.. How can consumer confidence be high when everything costs more?


I think you guys are the ones with your head in the sand.

First, most everything costs LESS now that we are in a recession.

Cheaper houses, cheaper cars, cheaper groceries, cheaper clothing, cheaper stocks, etc... everything is on sale or marked down because retailers need customers.

Unemployment is less than 10% which means more than 90% of people still have jobs and are making money.



Gas went from under $2.00 gal a couple Months ago to $2.59 gal today. :-D
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Re: Consumer confidence jumps

Unread postby dunewalker » Tue 26 May 2009, 18:56:50

$this->bbcode_second_pass_quote('AAA', '')$this->bbcode_second_pass_quote('dunewalker', '
')Shadow statistics:

http://www.shadowstats.com/alternate_data


dunewalker,

You think unemployment is 20%???

AAA

I don't know any better, but this data seems a lot more honest and reliable than the offical numbers. Personally, I have no concept of what the national, or even local unemployent rate is, or ever was. As they say, if your neighbor is unemployed, it's a recession, but if you're unemployed, it's a depression. I'm aware of an awful lot of unemployed people that used to have jobs.
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Re: Consumer confidence jumps

Unread postby Sixstrings » Tue 26 May 2009, 19:15:33

Lol this tread really mixed me up, I didn't realize it was from 05 at first. The one post where the guy says life is good and all his friends have good jobs etc. etc. made me think.. '05 was a good year for me too.

But the consumer confidence talk.. why were they talking about that in 05??? There was no recession, why were people following consumer confidence numbers?

And, here it is '09 and we're still going on about the consumer confidence number. Anyone want to wager whether we'll still be talking about this in '13?

Maybe it's time for me to stop worrying about Peak Oil and learn to love the bomb. :roll:
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Re: Consumer confidence jumps

Unread postby 3aidlillahi » Tue 26 May 2009, 19:23:00

$this->bbcode_second_pass_quote('', 'M')ost everything is cheaper. TVs, Vehicles, Houses, Applicances, etc....


I think it's funny how rather than just lowering the prices at the grocery store (pretty much the only place I shop), they have items perpetually on sale. They'll come off of sale for a day and then go right back on it for three months. I haven't paid more than a dollar for a loaf of bread in...um, ever. :-D
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Re: Consumer confidence jumps

Unread postby dinopello » Tue 26 May 2009, 20:34:28

$this->bbcode_second_pass_quote('Sixstrings', 'T')here was no recession, why were people following consumer confidence numbers?


Like you had something better to do ? :roll:

You have to watch the confidence of the consumers. Pick them off when their confidence is low. When it's high they are too giddy to reason with.
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Re: Consumer confidence jumps

Unread postby Sixstrings » Tue 26 May 2009, 20:50:22

$this->bbcode_second_pass_quote('dinopello', '')$this->bbcode_second_pass_quote('Sixstrings', 'T')here was no recession, why were people following consumer confidence numbers?


Like you had something better to do ? :roll:

You have to watch the confidence of the consumers. Pick them off when their confidence is low. When it's high they are too giddy to reason with.


Lol, I didn't know about peak oil in '05. Prior to that time, my only foray into Doomerhood was around New Years Eve 1999. I had filled up my gas tank and took all my money out of the bank, convinced that Y2K was gonna "rock our world." When the world was not in fact rocked, I felt very silly.

Then I nearly lost my job at an airport because I really DID NOT want to ring in the new millennium at that god-forsaken counter. But it didn't come to a head, my boss actually covered for me. Turns out the party I attended really sucked, and I found out later the airport was empty at that hour and everyone drank champagne on the runway (which in retrospect would have been a cooler way to ring in 2000 lol).

I started getting the Doomer feelings I think in 07, it started happening for me when the dollar kept losing value. I didn't understand the issues behind it, but it just convinced that something was amiss with the world. In googling around about that, you can look at my PO.com join date and that's when I ran across peak oil for the first time.
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