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UMichigan Consumer Sentiment At 69.3, Beats Expectations Of 69.0, Inflation Expectations Rise
The latest completely irrelevant economic data has just come out: UMich consumer confidence has "jumped" from 67.7 to 69.3, in line with expectations. Basically this continues the trend of consumer confidence going absolutely nowhere two years after it has plunged to recent lows. Oddly, unlike before, the current conditions segment of confidence was better than consensus (79.7 vs exp 77) while expectations misses (62.7 63.5). Are Americans starting to get resigned that the present is truly as good as it gets? Elsewhere, ABC Consumer Confidence, continues to be close to all time record highs, confirming that even this "data" is nothing but a policy tool used for propaganda purposes. Perhaps the only somewhat relevant data in today's release is that 1 year inflation expectations pushed higher yet again, from 2.7% to 3% (even as 5 year stayed flat).
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I agree doesn't matter which side of the world you are on the politburo will always meet expectations.
Silver about to get pummeled from 27 to 25.
we'll see. Didn't happen yesterday or the day before.
Disney gets rewarded for poor showing.
No it did not, but in the process it has created a very negative pattern on the 30 min chart that looks to be held by 28 and if resolved to the downside, 26.5 is line in the sand, should see prices end up near 23. jmo. Have a good one.
Well, 26.75 was the close last Friday, so let's watch that level today. A close below there would imply more pressure next week and you may see your 25 then. Personally, I hope you're right. If I could buy some March11 options at 25, I'd feel like Santa himself had come down and gift-wrapped it for me!
SPAM ALERT! www.tfmetalsreport.blogspot.com
Hey, TWO, nice call. You got that break thru 26.50. You may get your shot at $25 early next week.
Agree. Also, 27 to 25 doth not make a pummeling. Plus, the Physical problem is only getting worse. Paper pummeling, yes. Physical, no.
Volatility is a given under these circumstances.
And this UMich....hahahahaaaaaaaaaHAH!
Boy, I like my stats prof, he was a baseball nut, but he never let us forget the damned lies aspect of statistics.
And whut the heck happened to Gold? Whodunit?
ORI
http://aadivaahan.wordpress.com
According to King World News there are supposed to be some hungry Asia pockets out there to gobble up all the silver. So what better opportunity than today. But I can guess the sundery court cases wont have stopped JPM playing their games.
You could say Silver is going down to $12 I wouldn't give a shit . At $25 inventory is going to evaporate already . The more the price goes down the more demand is put on,the boys have JPM's nuts in a vice and whoever backs JPM . One printing press against another , the one who wins is whoever has the most silver when paper is priceless I mean worthless.
exactly...gullable sams and samanthas wanna keep ducking their heads in the sand ostrich like..go right ahead..go ahead...take a gubbermint reading for all its magical unicorn-ary....consumer sentiment..
100% correct. Ole Harvey summed that up pretty well last night.
http://harveyorgan.blogspot.com/
This survey is just noise at this point. 42.3 million on food stamps plus another 13 million that don't qualify, but struggle. Foreclosures still marching on.....sorry, I'm beginning to loose confidence in any of these opinion surveys except maybe people have reached bottom and figure they can only go up from here. Though this time of year it might just be holiday cheer (which I'm all for).
"ABC Consumer Confidence numbers at all time high" - one word for ABC - TOOL
Does anyone believe this BS anymore or is it just for the zoombie population?
"ABC Consumer Confidence numbers at all time high"
It is so rediculous you think they would be embarassed to publish it.
Consumer Sentiment Up 2.4% , so whats the percentage of alcohol sales up?