Posted by: The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

20 responses to “Consumer Confidence Bounces Back Up in February”

  1. softwarengineer

    The Measure of Consumer Confidence is a Joke

    Unless you think the S & P 500 stock market trend is directly tied to your confidence. See chart number 4 on this URL Link below:

    http://www.ritholtz.com/blog/2012/03/consumer-confidence-the-world%e2%80%99s-most-useless-economic-statistic/

    When you try to compare Consumer Confidence to jobs data; its like putting a square peg in a round hole….

    Speaking of jobs….the total labor force for Seattle/Tacoma/Bellevue is still tracked by the BLS at a constant 1.75M, basically little or no change for several years…

    http://data.bls.gov/timeseries/LAUMT53426606?data_tool=XGtable

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  2. Erik

    I can’t see the graph

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  3. toad37

    When I shop for a Realtor to sell my condo I was thinking about offering 1% to list and 2% to selling agent. Is that realistic?

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  4. Ira Sacharoff

    I’m wondering how wise of an indicator ” Consumer Confidence” is.
    They were buying houses like crazy 6 or 7 years ago. They thought everything was Honky Dory. Happy Days Are Here Forever. They confidently elect George W Bush and Barack Obama, they confidently watch Honey Boo Boo and they confidently buy every product hawked by huckster pitchmen.
    We’re just a couple of brain cells away from Idiocracy. I don’t have confidence in my fellow Americans’ confidence.

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  5. mike

    I’m actually surprised to see a rebound right after the payroll tax cut expired. Maybe it didn’t have much affect after all.

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  6. ray pepper

    RE: toad37 @ 3 – why so much? whats it worth?

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  7. softwarengineer

    RE: Ira Sacharoff @ 4

    Yes Ira

    Idiocracy is 2013….that movie hit the nail on the head.

    Overpopulation gets so bad, they just pile garbage anywhere….the socialized medical we get is just phony placebo drugs to make us think they’re doing something….the politicians are worthless hacks, etc, etc

    That movie is hilarious and oh so true too….

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  8. Erik

    RE: Ira Sacharoff @ 4
    I agree with this comment with the exception of Honey Boo Boo.

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  9. Ira Sacharoff

    By Erik @ 8:

    RE: Ira Sacharoff @ 4
    I agree with this comment with the exception of Honey Boo Boo.

    Okay. How about Snookie?

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  10. Sparky

    RE: Erik @ 2 – For what it’s worth, it doesn’t render correctly for me, either. I’m using IE 10 (desktop) on Windows 8.

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  11. Blurtman

    RE: Ira Sacharoff @ 4 – Lead us. Lie to us. Steal from us. We are unworthy. We seek to be oblivious.

    And Honey Boo Boo is white trash.

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  12. Scotsman

    RE: Ira Sacharoff @ 4

    “We’re just a couple of brain cells away from idiocy”

    So you’re saying I shouldn’t kill any more of the little suckers?

    When/if I achieve idiocy, will I know it? Will I care? Is Joe Biden the official greeter at the door?

    TIA.

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  13. ray pepper

    Where is Corndog?
    Where is Losh?
    Where is Kary?

    This is disturbing.

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  14. banjo country

    The beatings will continue… until you get giddy.

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  15. mike

    RE: banjo country @ 14

    Been meaning to ask – does your screen mean you live in Hillbilly land (Greenwood/Crown Hill)?

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  16. Erik

    RE: ray pepper @ 13
    People started to attack Corndog(s) because he had built a pile of people that were angry at him since he attacked them first. He’s hiding out licking his wounds. I think the one that sent him out was when I told him he must have came from parents that didn’t love him and he is taking it out on members of SeattleBubble.

    I think Losh is a little busier than usual plus he may be a little burned out. Plus he no longer has to combat Kary.

    Kary said he is done because he only gets 5 comments.

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  17. No Name Guy

    Wuhoo! Current Situation at 63.3…….just above the bottom of the post dot com crash back in ’03. Things MUST be getting better. ;-)

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  18. One Eyed Man

    RE: Scotsman @ 12

    “When/if I achieve idiocy, will I know it?”

    At VP Technical Training Academy we believe the first sign is often when you hear them say: “Congratulations! You’ve just been nominated for the vice-presidency of the United States.”

    If you’ve always dreamed of being vice-president, the difficult task ahead of you demands that you seek the technical training needed to live up to the legacy of the past nominees. We’re now offering a tuition discount for our initial qualification class at the VP Technical Training Academy where you’ll learn key phrases like:

    “P-O-T-A-T-O-E”
    “Get a shot gun!”
    “I invented the internet!”

    and who could forget:

    “All of them. Any of them that have been in front of me over all these years. … I have a vast variety of sources where we get our news, too. Alaska isn’t a foreign country where it’s kind of suggested, it seems like, ‘Wow, how could you keep in touch with the rest of Washington, D.C., maybe thinking and doing when you live up there in Alaska?’ Believe me, Alaska is like a microcosm of America.”

    Contact your local Sallie Mae affiliate for a federally guaranteed loan program to help meet your tuition needs cause if you’re that big an idiot, you’ll probably never be able to pay back the loan.

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  19. Ready, Set, Shop: The Future of Retail Will Be a Rollercoaster Ride | POPAI

    [...] Rising Retail Sales Retail sales were up in February, at a promising 1.1 percent (the biggest jump in five months), prompting retail analysts to be cautiously optimistic about the coming summer months packed full with promotions for holidays and back-to-school. Naturally, a rise in sales will and can be attributed to many reasons, but consumer confidence is also rising. [...]

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  20. redmondjp

    RE: One Eyed Man @ 18 – Spelling ‘potato’ (and ‘tomato’) with an ‘e’ on the end was acceptable alternate spelling (since that is the original spelling), and the way that Mr. Quayle learned it as a child. The dictionary in my home growing up also included this spelling as well – I still remember looking it up.

    If you’re going to use an example to make your point, at least make it a good one!

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