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UMichigcan Consumer Sentiment At 68.9, Misses Expectations Of 69.6

Submitted by Tyler Durden on 08/27/2010 09:56 -0400

Consumer Sentiment

How did they not massage this consensus number lower? The expectations component came in at 62.9 on consensus of 63.5 (previous 64.1); the Conditions came in at 78.3, a slight beat of expectations at 78.0. 1/5 Year inflation expectations come lower/higher compared to before at 2.7% and 2.8% (2.8% and 2.7% before).

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Fri, 08/27/2010 - 09:59 | 548016 scatterbrains

can we catch Bersmackme live somewhere ? Any links ?

Fri, 08/27/2010 - 10:02 | 548023 old_turk

This tidbit will be ignored. Hedontics. Useless noise ... unless it's a better than expected.

It's that how a hollow market works?

Fri, 08/27/2010 - 10:11 | 548059 lynnybee

.... and for those of us actually living in MICHIGAN, that U of M consumer sentiment is a lot lower than 68.9 ! I used to live in OHIO, now live in west MICHIGAN. OHIO looks like a fun time compared to MICHIGAN !

Fri, 08/27/2010 - 10:14 | 548070 Cognitive Dissonance

It seems the public frogs are noticing the water's getting mighty hot lately. Time to secure the pressure cooker cover on top to drown out the screams. Nasty business that.

Fri, 08/27/2010 - 10:17 | 548086 three chord sloth

Consumer sentiment only matters in a standard business cycle recession. No amount of happy thoughts will fix the debt crisis we're in; only deleveraging and the wholesale restructuring of our government/finance complex will do that.

Fri, 08/27/2010 - 10:25 | 548112 Gimp

Sentiment number irrelevant. Another schill in the audience available as needed for the ponzi masters to pump it up, pump it up. See video of the recent Federal Reserve meeting pumping it up!:

http://www.youtube.com/watch?v=0HtyF0jux2Q&feature=fvw

Fri, 08/27/2010 - 11:07 | 548246 hedgeless_horseman