Drudge Retort: The Other Side of the News
Sunday, November 27, 2016

On the surface, the message from the University of Michigan's final reading of consumer sentiment for November is that President-elect Donald Trump will fix what ails the nation -- fast.

The consumer expectations index of the survey rose by 8.4 points from October to 85.2 -- a one-month gain last exceeded in the December 2011 -- a testament to households' optimistic view on the outlook for the U.S. economy and their own pocketbooks. And 'optimistic' might be an understatement...

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According to the latest report, in some cases, Americans are the most hopeful they have been in more than a decade. For the first time since 2006, 37 percent of households said they expect their personal finances to improve in 2017. Also hitting decade highs: real income expectations, as wage growth continues to gain strength in a broadening swath of the economy.

It's not just on the personal finance front either. The index tracking households' expectations for changes in business conditions over the next year rebounded strongly after tumbling in October, with the share calling for an improvement in this area registering its biggest one-month gain last exceeded in 2008.

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

As much as I'd love to, this is obviously something I am not permitted to comment about.

#1 | Posted by bocaink at 2016-11-27 11:31 AM | Reply

It is nice to see people are actually seeing hope!

#2 | Posted by Crassus at 2016-11-27 11:38 AM | Reply

People have been seeing signs of hope in the economy for the past six months to a year.

#3 | Posted by rcade at 2016-11-27 11:54 AM | Reply

Just wait for the December unemployment stats to come out... now they will be positive, legitimate, and all thanks to Donald.

#4 | Posted by REDIAL at 2016-11-27 12:19 PM | Reply | Funny: 1 | Newsworthy 2

Amazing how Don turned the economy around so quickly. Unbelievable really.

#5 | Posted by BruceBanner at 2016-11-27 01:02 PM | Reply

It's the half of the country that has been buying into the con FUDD for the past 6 years that are finally getting confidence.

#6 | Posted by GalaxiePete at 2016-11-27 01:40 PM | Reply | Newsworthy 2

oh, so they do have cash to spend. hmmm.

#7 | Posted by ichiro at 2016-11-27 01:59 PM | Reply

Just wait for the December unemployment stats to come out... now they will be positive, legitimate, and all thanks to Donald.

Yup.

And six months from now righties will be singing the economy's praises, everything will be a-OK and not an economic care in the world because Trump fixed it in 6 months with his business savvy.

#8 | Posted by jpw at 2016-11-27 02:57 PM | Reply

...because Trump fixed it in 6 months with his business savvy.

Unless it tanks, in which case it will be Obama's economy for at least a year after he leaves office.

#9 | Posted by REDIAL at 2016-11-27 03:06 PM | Reply

Unless it tanks, in which case it will be Obama's economy for at least a year after he leaves office.

After which we'll hear nothing but "well the left blamed Bush, so we're blaming Obama".

#10 | Posted by jpw at 2016-11-27 03:26 PM | Reply

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Nothing like a new big screen TV in every home to get the people motivated.

#11 | Posted by BruceBanner at 2016-11-27 03:47 PM | Reply

Going to say it again - our sales are way down since the election. Like 30-35% down - we sell across virtually all manufacturing industries. I am really nervous at this point. Manufacturing obviously has not got the message the Don is good for the economy. Banking and stocks I get - he plans to get rid of the watch dogs...

#12 | Posted by GalaxiePete at 2016-11-27 06:09 PM | Reply

Ahem, no comment

#13 | Posted by bocaink at 2016-11-28 01:33 AM | Reply

Ahem, no comment #13 | POSTED BY BOCAINK

:(, I was hoping to get your opinion on this survey...

I don't typically put too much weight into any one specific report quantifying a snapshot insight into the subjective opinions of a consumer sentiment survey, but the % rise seems significant and NewsWorthy.

To view this report with a neutral perspective, I would take an educated guess that feedback in these types of surveys are subject to seasonability trends away from a basal level of established support (imagining a sort of sine graph here), ceteris paribus.

#14 | Posted by GOnoles92 at 2016-11-28 12:21 PM | Reply

I think whoever won we'd see something similar after the bruising horrid campaigns we've been subjected to.

All the sentiment like Redial's "Just wait for the December unemployment stats to come out... now they will be positive, legitimate, and all thanks to Donald" made it tough to choose - funny or newsworthy. It'd be damn funny if it wasn't so "smack your face" true!

#15 | Posted by YAV at 2016-11-28 12:28 PM | Reply

Noles, I sent you an email to explain fyi. Hope your email is valid.

You can look at the survey questions here and the historical trends.

sca.isr.umich.edu

It will explain the baseline questions and how the indices are calculated.

#16 | Posted by bocaink at 2016-11-29 01:27 AM | Reply

oops, should be www.sca.isr.umich.edu

UM websites are funky

#17 | Posted by bocaink at 2016-11-29 01:29 AM | Reply

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