Consumer confidence reaches 13 year high

Bloomberg:
U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Friday.

HIGHLIGHTS OF MICHIGAN SENTIMENT (OCTOBER, PRELIMINARY)

  • Sentiment index rose to 101.1 (est. 95), highest since Jan. 2004, from 95.1 in Sept.
  • Current conditions gauge, which measures Americans’ perceptions of their finances, jumped to 116.4, highest since Nov. 2000, from 111.7
  • Expectations measure increased to 91.3, highest since Jan. 2004, from 84.4
There is much more.  There was also a Republican in the White House the last time it was this high.  It appears that much of the mainstream media is trying to bury this news while they file misleading stories about the return to constitutional appropriations for Obamacare subsidies.

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