#high confidence

New Post has been published on https://is.gd/WV0RXK

WASHINGTON | US consumer confidence rises to 18-year high

WASHINGTON — Americans’ consumer confidence rose in August to the highest level in nearly 18 years as their assessment of current conditions improved further and their expectations about the future rebounded.

The Conference Board reported Tuesday that its consumer confidence index rose to 133.4 in August, up from a reading 127.9 in July. It was the highest reading since confidence stood at 135.8 in October 2000.

Consumers’ confidence in their ability to get a job and the overall economy are seen as important indicators of how freely they will spend, especially on big-ticket items such as cars, in coming months.

Consumer spending accounts for 70 percent of economic activity.

“Expectations, which had declined in June and July, bounced back in August and continue to suggest solid economic growth for the remainder of 2018,” said Lynn Franco, director of economic indicators at the Conference Board. “These historically high confidence levels should continue to support health consumer spending in the near term.”

The overall economy, as measured by the gross domestic product, grew at a 4.1 percent rate in the April-June quarter, the best performance since 2014. That estimate will be revised Wednesday.

Many economists believe growth has slowed a bit in the current quarter to around 3 percent but will remain far ahead of the weak 2.2 percent GDP growth rate in the first quarter.

“Confidence is soaring to new heights which makes us bullish on growth and forecasts that this expansion may indeed shatter records for longevity next summer,” said Chris Rupkey, chief financial economist at MUFG Union Bank in New York.

New Post has been published on https://is.gd/WV0RXK

WASHINGTON | US consumer confidence rises to 18-year high

WASHINGTON — Americans’ consumer confidence rose in August to the highest level in nearly 18 years as their assessment of current conditions improved further and their expectations about the future rebounded.

The Conference Board reported Tuesday that its consumer confidence index rose to 133.4 in August, up from a reading 127.9 in July. It was the highest reading since confidence stood at 135.8 in October 2000.

Consumers’ confidence in their ability to get a job and the overall economy are seen as important indicators of how freely they will spend, especially on big-ticket items such as cars, in coming months.

Consumer spending accounts for 70 percent of economic activity.

“Expectations, which had declined in June and July, bounced back in August and continue to suggest solid economic growth for the remainder of 2018,” said Lynn Franco, director of economic indicators at the Conference Board. “These historically high confidence levels should continue to support health consumer spending in the near term.”

The overall economy, as measured by the gross domestic product, grew at a 4.1 percent rate in the April-June quarter, the best performance since 2014. That estimate will be revised Wednesday.

Many economists believe growth has slowed a bit in the current quarter to around 3 percent but will remain far ahead of the weak 2.2 percent GDP growth rate in the first quarter.

“Confidence is soaring to new heights which makes us bullish on growth and forecasts that this expansion may indeed shatter records for longevity next summer,” said Chris Rupkey, chief financial economist at MUFG Union Bank in New York.

The post CIA has now concluded with "high confidence" that Russia did interfere in presidential election appeared first on PaulSpoerry.com.

Secret CIA assessment says Russia was trying to help Trump win White House The U.S. has identified individuals and groups who passed Democratic Party material to WikiLeaks.

The CIA has now concluded with "high confidence" that Moscow was not only interfering with the election, but that its actions were intended to help Trump, according to a senior U.S. official. The assessment is based in part on evidence that Russian actors had hacked Republicans as well as Democrats but were only releasing information harmful to Trump's rival, Hillary Clinton.

President Barack Obama has ordered a full-scale review of campaign-season cyberattacks to be completed before he leaves office in January. White House spokesman Eric Schultz has stated, "This is not an effort to challenge the outcome of the election."

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I can’t sell you on something off of high confidence. I have to be 100% sure, and neither are the same. 

Like that time when you thought that the black lady who kept blocking your driveway lived in the new house and we couldn’t figure out why if they had their own driveway they would block or partially block yours, remember? 

Turns out that the high confidence you had about her belonging to the new house was completely wrong. 

Or the time that you were highly confident that the restaurant we were going to would be empty. It wasn’t. We got there and the hostess told us that it would be a three hour wait. 

And how about the time that your confidence in making it to the airport on time was so high that we missed our flight? 

Yeah. High confidence. Smells like bullshit to us. Doesn’t it, America? 

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