Post by jeffolie on Jul 31, 2012 10:44:42 GMT -6
Independents Confidence sinks 2012 lows
Economic confidence now plays many roles: economic, political, personal, etc
The direction is down.
This reflects in the recent PLUNGE to 7 year lows in the Dallas FED index of business conditions.
This adds DRAMA to the Friday jobs number among many economic events including the upcoming FED meeting announcement, the ECB meeting announcement...the talk, rumors of QE3 as a coordinated US and EU stimulus.
"... among independents, it slipped to -33. These are the lowest confidence readings of 2012 for both Republicans and independents....][/color]The jobs report that the U.S. Bureau of Labor Statistics releases on Friday will likely play an important role ..."
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July 31, 2012
Economic Confidence Down Last Week, Back to January Levels
Confidence reaches lowest point in 2012 among Republicans, independents
by Jenny Marlar
WASHINGTON, D.C. -- Americans' confidence in the economy declined last week to -29, matching levels not seen since early January....Sixty-two percent of Americans now say the economy is getting worse, while 33% say it is getting better. Americans' perceptions of current economic conditions are unchanged at -28, with 14% saying conditions are excellent or good and 42% saying poor....Confidence declined last week across all political parties. Confidence among Republicans declined to -56, erasing all gains made the previous week, and among independents, it slipped to -33. These are the lowest confidence readings of 2012 for both Republicans and independents. Democrats are also less confident than they were a week ago, but at +5, their level of confidence is still an improvement over their negative ratings in early January...The wide party gaps are explained in large part by the fact that the majority of Democrats (55%) feel that the economy is getting better, while the majority of Republicans (83%) and independents (63%) say it is getting worse....The jobs report that the U.S. Bureau of Labor Statistics releases on Friday will likely play an important role in economic confidence in August. If it is positive, it may counteract the disappointing GDP report. However, if it is negative, it may send economic confidence further downward.
www.gallup.com/poll/156368/Economic-Confidence-Down-Last-Week-Back-January-Levels.aspx?utm_source=alert&utm_medium=email&utm_campaign=syndication&utm_content=morelink&utm_term=All Gallup Headlines - Economy
Economic confidence now plays many roles: economic, political, personal, etc
The direction is down.
This reflects in the recent PLUNGE to 7 year lows in the Dallas FED index of business conditions.
This adds DRAMA to the Friday jobs number among many economic events including the upcoming FED meeting announcement, the ECB meeting announcement...the talk, rumors of QE3 as a coordinated US and EU stimulus.
"... among independents, it slipped to -33. These are the lowest confidence readings of 2012 for both Republicans and independents....][/color]The jobs report that the U.S. Bureau of Labor Statistics releases on Friday will likely play an important role ..."
==============================
July 31, 2012
Economic Confidence Down Last Week, Back to January Levels
Confidence reaches lowest point in 2012 among Republicans, independents
by Jenny Marlar
WASHINGTON, D.C. -- Americans' confidence in the economy declined last week to -29, matching levels not seen since early January....Sixty-two percent of Americans now say the economy is getting worse, while 33% say it is getting better. Americans' perceptions of current economic conditions are unchanged at -28, with 14% saying conditions are excellent or good and 42% saying poor....Confidence declined last week across all political parties. Confidence among Republicans declined to -56, erasing all gains made the previous week, and among independents, it slipped to -33. These are the lowest confidence readings of 2012 for both Republicans and independents. Democrats are also less confident than they were a week ago, but at +5, their level of confidence is still an improvement over their negative ratings in early January...The wide party gaps are explained in large part by the fact that the majority of Democrats (55%) feel that the economy is getting better, while the majority of Republicans (83%) and independents (63%) say it is getting worse....The jobs report that the U.S. Bureau of Labor Statistics releases on Friday will likely play an important role in economic confidence in August. If it is positive, it may counteract the disappointing GDP report. However, if it is negative, it may send economic confidence further downward.
www.gallup.com/poll/156368/Economic-Confidence-Down-Last-Week-Back-January-Levels.aspx?utm_source=alert&utm_medium=email&utm_campaign=syndication&utm_content=morelink&utm_term=All Gallup Headlines - Economy