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Consumer confidence creeps back near 18-year high


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2018 Jul 31, 8:08am   1,384 views  4 comments

by MrMagic   ➕follow (2)   💰tip   ignore  

The consumer confidence index rose to 127.4 in July from a revised 127.1 in the prior month, according to the nonprofit Conference Board that publishes the report.




Although just below a recent peak of 130, it’s still one of the highest readings in 18 years.

Big picture: The economy just ripped off one of its best quarterly performances, with growth surging 4.1% in the three months from April to June. Strong hiring, low unemployment and rising incomes are giving the economy a second wind.




What they are saying?: “Consumers’ assessment of present-day conditions improved, suggesting that economic growth is still strong,” said Lynn Franco, director of economic indicators at the board.

https://www.marketwatch.com/story/consumer-confidence-creeps-close-to-18-year-high-2018-07-31

Comments 1 - 4 of 4        Search these comments

1   MrMagic   2018 Jul 31, 8:48am  

Aphroman says
The Obama 10 year trend line appears to remain intact. Good thing Trump has fumbled the booming TURNED AROUND THE economy he was handed


There, fixed it....

Apparently you missed those last two years of Obama's Recovery Summers V7.0 and 8.0.

Nice flat line, right?

2   Tenpoundbass   2018 Jul 31, 9:00am  

I wont believe that until I see spirited revelers
3   Strategist   2018 Jul 31, 9:03am  

HEYYOU says
What's the rumor?


The Dow is 25,000+. Just a rumor.
4   Goran_K   2018 Jul 31, 9:10am  

Trump has done this all without ZIRP/QE too, unlike Obama who doubled the national debt.

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