Saturday, October 20, 2012
USA Consumer Sentiment Skyrockets to 5-Year High!
USA Consumer Sentiment: Thomson Reuters / University of Michigan
Caesar's bread and circus policies have made the Romans giddy! Nowhere to go but up from now on! See you at the top! Willus Nelsonus has captured the citizen sentiment with his monster Colosseum hit, Blue Skies:
Blue skies smilin' at me
Nothin' but blue skies do I see
Bluebirds singin' a song
Nothin' but bluebirds all day long
Oh wait, I'm talking about the wrong Empire here. Sheesh, erase and rewind. Let's roll forward some centuries from that corrupt and fallen killing-machine Empire to the current American Empire. Wait, it's the same scenario!
Washington's bread and circus policies have made the Americans giddy! Nowhere to go but up from now on! See you at the top! The Republicans and Democrats have conclusively proven you can literally "have what you say"! No problem! The mass media corporate advertising delivery system confirms this everyday, so it has to be true.
Just give the citizens and special interests all they want, wage endless wars, issue debt to pay for all this, and have the central bank, the Federal Reserve, buy all debt that can't be foisted upon China, Americans, or other suckers, er, I mean sold to investors. It is all so simple, so easy. Those dimwitted Romans were so primitive, they had no clue how a real Empire operates. Duh.
American optimism has surged upwards as the Index of Consumer Sentiment is now at 83.1 (preliminary October 2012). What does this mean? We're talking the highest since September 2007. This reading is well above the long-term average of 75.9. That's the monthly average from January 2005 through October 2012.
"What changed was how they (consumers) evaluated economic conditions," survey director Richard Curtin said in a statement. "Economic conditions during the year ahead were expected to be 'good' by more consumers, and more consumers expected 'good' economic times over the next five years."
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