What Does High Consumer Confidence Mean?
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 31 October 2018
⏱️ 13 minutes
🧾️ Download transcript
Summary
Learn what consumer confidence reports mean, how they are calculated, and what it might portend for the economy in 2019.
The first article is here: https://www.journal-news.com/news/consumer-confidence-hits-year-high-just-time-for-holiday-shopping/AWGGaH4Pd8iZE5hvQo4huK/
The second article is here: https://data.oecd.org/leadind/consumer-confidence-index-cci.htm
The third article is here: https://247wallst.com/economy/2018/10/30/consumer-confidence-roars-to-18-year-high-ahead-of-holidays/amp/
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Transcript
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| 0:00.0 | Be Wealthy and Smart, episode 477. If y'all know what I mean put your hands up and declare with me |
| 0:13.8 | Yeah, I'm full of faith I'm gonna live a good life I'm gonna live a good life |
| 0:21.1 | beautiful and glorious life Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on |
| 0:31.4 | be wealthy and smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P Jones, America's Wealth Mentor. Empowering |
| 0:42.4 | Women and Men Worldwide to Financial Freedom. |
| 0:45.2 | On today's show, we're going to talk about what does record consumer confidence mean? |
| 0:50.6 | Because we just received information that consumer confidence numbers or |
| 0:56.3 | levels hit a high that we haven't seen since the year 2000 which if you were a |
| 1:01.9 | little young back then I was here I remember it well it was the |
| 1:06.4 | frothy-est of frothy times it was a crazy time but it was a very fun time |
| 1:12.1 | and partying like it was a very fun time and partying like it was 1999 applies to 2000 as well |
| 1:16.9 | So it was a very prosperous time the stock market was going crazy internet stocks technology stocks was going crazy, Internet stocks, technology stocks were going crazy |
| 1:25.0 | until the first quarter of 2000 that is. |
| 1:28.0 | But I thought we'd talk about, |
| 1:30.0 | what does it mean when you hear something like that that says consumer |
| 1:35.0 | confidence is at highs we haven't seen since 2000 because you might not be |
| 1:40.2 | familiar with what consumer confidence numbers really are, what that means to the |
| 1:44.9 | economy, what that might indicate to you for the future of America's economy or the stock market and so I wanted to just review that with you |
| 1:55.7 | a little bit today. So first of all I want to share with you an article that I |
| 2:00.4 | thought put it really well. This article is from journal hyphen news.com. |
| 2:06.0 | It was written by Holly chivly staff writer. |
... |
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