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Consumer Confidence Rises To Highest In Over 5 Years Just As Market Tumbles

Tyler Durden's picture





 

Earlier we asked a simple question:

 

 

the answer is 9:55... and while not an all time high, LOLfidence, pardon, CONfidence just printed the highest number since July 2007

While slightly off - there was a dramatic rise in confidence into the 2008 election also... just saying... as there has been going into every election for the last 30 years...

 

Insert appropriate laughing noises here...

 

Charts: Bloomberg

(h/t @Not_Jim_Cramer)

 


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Fri, 11/09/2012 - 11:04 | Link to Comment Calidreaming
Calidreaming's picture

Holy Sheeple! Batman!

Fri, 11/09/2012 - 11:13 | Link to Comment ihedgemyhedges
ihedgemyhedges's picture

5 years ago.....hmm, let's see.  October/November 2007.  Hmmm.......

Yep, it really paid well to be confident back then didn't it?!?!?!?!?!?!?!

Fri, 11/09/2012 - 11:16 | Link to Comment CvlDobd
CvlDobd's picture

I like how the gold/silver rally slowed on this. Makes no sense. If they truly are confident it stands to reason spending will pick up. Velocity of money will follow. An then the mother of all inflationary events.

But yeah, sell metals and buy stocks because people are confident. Great fucking idea.

Fri, 11/09/2012 - 12:13 | Link to Comment old naughty
old naughty's picture

Holy "sheeple", Batman,

the machines are here,

the machines are here.

Fri, 11/09/2012 - 12:32 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Hey Kool-Aid! That guy provides a mighty boost to the economy with all the walls he knocks down.

 

http://www.youtube.com/watch?v=nBeUGqeYsQg

Fri, 11/09/2012 - 12:47 | Link to Comment Stackers
Stackers's picture

2,000 UMich students are now really really REALLY confident their student loans will buy the mini-Ipad

Fri, 11/09/2012 - 12:54 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

The survey must be adding in all those gas cans and generators bought on Amazon and shipped into NY/NJ this month.

Fri, 11/09/2012 - 12:28 | Link to Comment dracos_ghost
dracos_ghost's picture

I heard Bear Stearns is a screaming buy. Can't seem to find a quote though ....

Fri, 11/09/2012 - 11:17 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

Keep the masses confident and they will keep spending...

Edward Bernays is smiling...somewhere...

Fri, 11/09/2012 - 11:56 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

"Keep the masses confident and they will keep spending..."

Keep the masses falsely confident and they will reelect Obama. I said it months ago, and I'll say that again.

 

Now that the election is over, REALITY is going to start setting in, around January 1st. And I won't have much sympathy, since the morons VOTED FOR THIS...

Fri, 11/09/2012 - 11:18 | Link to Comment eatthebanksters
eatthebanksters's picture

This is  a great indicator of how smart the electorate is...and why Obama was re-elected.

Fri, 11/09/2012 - 12:42 | Link to Comment Rathmullan
Rathmullan's picture

Heh, ask the 49% of the population that voted for romney how confident they feel now. The obama voters are broke (with the exception of the wall streeter hollywood contingents).

Fri, 11/09/2012 - 11:04 | Link to Comment redpill
redpill's picture

I'm feeling very confident...

 

 

 

 

 

 

 

 

 

 

 

 

...that we're totally fucked.

Fri, 11/09/2012 - 11:08 | Link to Comment HD
HD's picture

Confident, confident! Dry and secure! Raise your hand, raise your hand...if your sure!

http://www.youtube.com/watch?v=t-FZ21uDKeQ

Fri, 11/09/2012 - 11:11 | Link to Comment JPM Hater001
JPM Hater001's picture

I gotta go.  Stores closing soon.

Fri, 11/09/2012 - 11:13 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

This reminds me of those commercials you see and hear that don't really seem to be selling anything other than the brand itself. The intent is to remind you what a great idea it was to buy "whatever" in the first place.

In this case (Consumer Confidence) the brand is democracy and we are very confident. We just voted....didn't we? LOL

<Just in time to begin the off year election campaigns.>

Fri, 11/09/2012 - 12:16 | Link to Comment old naughty
old naughty's picture

Right, we (inclusive of the 45 million cheque receipients) voted.

Demo-crazy !!!

Fri, 11/09/2012 - 11:17 | Link to Comment Central Wanker
Central Wanker's picture

Right. There really is nothing unsure in the future. Straight to hell with 100% probability.

Fri, 11/09/2012 - 11:18 | Link to Comment CvlDobd
CvlDobd's picture

Hey! Me too!
<<<<<<<<<

Fri, 11/09/2012 - 11:32 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

and im CONfidebt as well...

 

 

 

 

 

 

 

 

 

 

 

that this is some straight up mother fucking BULLSHIT....

Fri, 11/09/2012 - 11:33 | Link to Comment BeetleBailey
BeetleBailey's picture

Nice use of white space Red.......dramatic "pause"....

 

 

Jack Benny-ish..........

Fri, 11/09/2012 - 11:04 | Link to Comment Vincent Vega
Vincent Vega's picture

Green shoots, Bitchez!

Fri, 11/09/2012 - 11:04 | Link to Comment TeamDepends
TeamDepends's picture

consume consumer consumed

Fri, 11/09/2012 - 11:05 | Link to Comment BurningFuld
BurningFuld's picture

Well with Obama elected I know 47 million people are breathing a sign of relief.

Fri, 11/09/2012 - 11:09 | Link to Comment adr
adr's picture

Do they have names like Ramone, Tyrone, and Shaniqua?

Fri, 11/09/2012 - 11:12 | Link to Comment Gavrikon
Gavrikon's picture

and Latrine?

Fri, 11/09/2012 - 11:16 | Link to Comment cowdiddly
cowdiddly's picture

Around here they have names like Cory Don and Thema Kay

And, that 47% estimate is a little low.

Fri, 11/09/2012 - 11:19 | Link to Comment eatthebanksters
eatthebanksters's picture

Who is John Galt?

Fri, 11/09/2012 - 11:58 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

Anybody got directions to the Gulch? I'm about done...

Fri, 11/09/2012 - 11:12 | Link to Comment rubearish10
rubearish10's picture

Yeah, UofMich has been getting a lot of calls.

Fri, 11/09/2012 - 11:41 | Link to Comment Hayabusa
Hayabusa's picture

You mean the same 47 million that reelected Obama right?

Fri, 11/09/2012 - 11:05 | Link to Comment bnbdnb
bnbdnb's picture

Anticipation of removal of Obama. Sentiment will slam next month.

Fri, 11/09/2012 - 11:18 | Link to Comment northerngirl
northerngirl's picture

The removal of Obama may never happen.

Fri, 11/09/2012 - 11:31 | Link to Comment insanelysane
insanelysane's picture

Think not.  The confidence comes from the thought that the government is going to hand out money.  Obama did what no other president did by winning re-election with high unemployment because the voters realized that this guy will give them money for their vote.  30 years ago people needed to vote for a president that would find them a job.  That is ancient history.  Why get a job when you can get money?  The job is just a middleman, isn't it???

Fri, 11/09/2012 - 11:05 | Link to Comment Lost Wages
Lost Wages's picture

Christmas is gonna be big! Wheeee!

Fri, 11/09/2012 - 12:03 | Link to Comment pods
pods's picture

I want a pony!

Fri, 11/09/2012 - 14:35 | Link to Comment Jena
Jena's picture

You're gonna get a waffle iron that makes pony-shaped waffles.  How's that?

Fri, 11/09/2012 - 11:06 | Link to Comment EscapeKey
EscapeKey's picture

Look at all this free oxygen!

Fri, 11/09/2012 - 11:09 | Link to Comment HD
HD's picture

 That was funny mate.

Fri, 11/09/2012 - 11:06 | Link to Comment Lendo
Lendo's picture

Do they do the polling at a Walmart?

Fri, 11/09/2012 - 11:30 | Link to Comment cowdiddly
cowdiddly's picture

Just drive by the local Walmart around the first of the month. Gawd, lines longer than Laren Lyster's Legs.

After about the 10th of the month it looks like a ghost town and you can park in the front row.

Fri, 11/09/2012 - 12:26 | Link to Comment Lendo
Lendo's picture

I go to Walmart 4 times a year and that's to buy my Rotella T 10-30 synthetic oil. I shower as soon as I get home.

Fri, 11/09/2012 - 11:08 | Link to Comment GCT
GCT's picture

The sheeple feel they are now saved.  What a joke to be honest.

I am sure they will do their best to keep the budget negoiations out of the media until after Christmas day.

Fri, 11/09/2012 - 11:07 | Link to Comment LongSoupLine
LongSoupLine's picture

I'm confident that this ia the biggest bullshit indicator out there.  

 

 

 

who's their sample survey...michigan auto union employees?

Fri, 11/09/2012 - 11:20 | Link to Comment eatthebanksters
eatthebanksters's picture

California teachers union...

Fri, 11/09/2012 - 11:48 | Link to Comment Go Tribe
Go Tribe's picture

Likely to vote Democrats.

Fri, 11/09/2012 - 11:08 | Link to Comment adr
adr's picture

Is that why the Nasdaq jumped 15 points in a minute or so.

That bullshit was set before the election rght?

Wonder what it is now?

If you say you are confident, you are either lying or on the receiving end of an Obamaphone.

Fri, 11/09/2012 - 11:08 | Link to Comment Shizzmoney
Shizzmoney's picture

Good placement of the Kool Aid guy..nice.

http://www.youtube.com/watch?v=28ML_aSHt0I

Fri, 11/09/2012 - 11:09 | Link to Comment MFLTucson
MFLTucson's picture

Just ridiculos the fraud that this country is peddling!

Fri, 11/09/2012 - 11:09 | Link to Comment Cole Younger
Cole Younger's picture

You have a divided country...how in the hell can consumer confidence rise?

Fri, 11/09/2012 - 11:11 | Link to Comment adr
adr's picture

You call a lot of people in Detroit on thier Obamaphones.

Fri, 11/09/2012 - 13:17 | Link to Comment SDShack
SDShack's picture

Because this survey was done pre election. The Obama voters saw Obama winning and so they said things are getting better. The Romney voters saw Romney winning and so they said things will get better. Between the 2 groups, that is a whole lot of "getting better". Hope & Change 2.0 this time, will still be Hoax & Chains 2.0 in the future.

Fri, 11/09/2012 - 11:10 | Link to Comment Rainman
Rainman's picture

Just missed the all time high by thiiiiiiisss much !

Fri, 11/09/2012 - 11:10 | Link to Comment spastic_colon
spastic_colon's picture

yes and wholesale inventories spun as positive news of course....due to rising inventories of oil and durable goods....because no one is buying!

Fri, 11/09/2012 - 11:10 | Link to Comment TideFighter
TideFighter's picture

Mr. KoolAid has no package. I'm confident he is a eunuch. 

Fri, 11/09/2012 - 14:37 | Link to Comment Jena
Jena's picture

It's a virus.  Doesn't need equipment.

Fri, 11/09/2012 - 11:10 | Link to Comment I Am Not a Copp...
I Am Not a Copper Top's picture

And it's off to the races

Fri, 11/09/2012 - 11:10 | Link to Comment Yen Cross
Yen Cross's picture

 Meanwhile half the Eastern Seaboard is ready to buy every "Pitchfork" and "Torch" in sight... Good thing the weather is cold, or the riots would have already ensued.

 

Fri, 11/09/2012 - 12:58 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

65 degrees this weekend.  Actually the cold weather was the only thing holding off looters.

Fri, 11/09/2012 - 11:10 | Link to Comment q99x2
q99x2's picture

Is someone contesting the election?

Fri, 11/09/2012 - 11:12 | Link to Comment JPM Hater001
JPM Hater001's picture

God, but apparently the MSM are ignoring him too these days.

Fri, 11/09/2012 - 11:11 | Link to Comment Laughinggrizzley
Laughinggrizzley's picture

"Happy days are here again...  A steroid/hormone enhanced chicken in every pot and a food stamp debit card in the mail! .. the sky are blue once again. Happy days are here again!"

Fri, 11/09/2012 - 11:11 | Link to Comment Miss Expectations
Miss Expectations's picture

In a Confidence Game, isn't it true that the mark doesn't realize they've been had until long after the con man leaves town?

Fri, 11/09/2012 - 11:12 | Link to Comment dirtyfiles
dirtyfiles's picture

now open your eyes..........

Fri, 11/09/2012 - 11:13 | Link to Comment Plausible Denia...
Plausible Deniability's picture

Anyone know if this "index" accounts for the exponential decline in the mental accuity of the populace?

Fri, 11/09/2012 - 11:15 | Link to Comment RSBriggs
RSBriggs's picture

Easy - jsut count double posts :)

Fri, 11/09/2012 - 12:26 | Link to Comment sodbuster
sodbuster's picture

Ineptocracy- A system of government where the least capable to lead are elected by the least capable of producing, and where members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

Fri, 11/09/2012 - 11:13 | Link to Comment Plausible Denia...
Plausible Deniability's picture

Anyone know if this "index" accounts for the exponential decline in the mental accuity of the populace?

Fri, 11/09/2012 - 11:21 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

trust the news media trust the .gov reports not the continued empty store fronts, the growing street people, if the internet goes and the iphones don't work we got trouble big trouble in river city.

Fri, 11/09/2012 - 11:13 | Link to Comment the 300000000th...
the 300000000th percent's picture

How is that even f$cking possible????????

Fri, 11/09/2012 - 11:42 | Link to Comment e-recep
e-recep's picture

large corporations finally started to feel the heat. i am witnessing that middle managers have cut their personal spending radically. eg. they don't eat out as much as they did last year, or even in the second quarter.

Fri, 11/09/2012 - 11:15 | Link to Comment debtor of last ...
debtor of last resort's picture

It's simple. It's called fiat confidence.

Fri, 11/09/2012 - 11:15 | Link to Comment Dr. Engali
Dr. Engali's picture

The new Obama phones must have hit the mailboxes this week.

Fri, 11/09/2012 - 11:16 | Link to Comment q99x2
q99x2's picture

They should do the survey at the end of the month when EBT and SSI has run out and see what that looks like. It is always high at the beginning of the month.

Fri, 11/09/2012 - 11:18 | Link to Comment Racer
Racer's picture

"Each month, 500 individuals are randomly selected from the contiguous United States (48 states plus the District of Columbia) to participate in the Surveys of Consumers"

 

ROFL that is statistically significant now isn't it!!  LOLOLOL....

NOT!

Fri, 11/09/2012 - 11:27 | Link to Comment bnbdnb
bnbdnb's picture

They found 500 people who could afford using a phone.

Fri, 11/09/2012 - 11:30 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

news to make you confident: from fla newspaper:

"Coming soon to a St. Petersburg neighborhood near you: an armored truck that you cannot miss and that cannot miss you, at least not with the four cameras mounted behind bullet-resistant glass, pointed in all four directions. "

makes one all warm and fuzzy..just knowing the police care so much.

Fri, 11/09/2012 - 11:17 | Link to Comment Silverhog
Silverhog's picture

Consumer Confidence board should get a spot on the Jay Leno Show.

Fri, 11/09/2012 - 11:18 | Link to Comment buzzsaw99
buzzsaw99's picture

I am highly confident that I won't be buying squat for xmas.

Fri, 11/09/2012 - 11:19 | Link to Comment TahoeBilly2012
TahoeBilly2012's picture

Hookers and crack indicator just jumped highest in eleventeen years...

Fri, 11/09/2012 - 11:20 | Link to Comment The Gooch
The Gooch's picture

I am confident I will be visiting the coin shop and ammo depot

this weekend. Same as last weekend and the one before.

Fri, 11/09/2012 - 11:21 | Link to Comment earnyermoney
earnyermoney's picture

Just yesterday, NY Times editorial was wondering if Barry could inspire confidence. All we gotta do is strut around with a cool walk and bling while guarding our packages and everyting will be a ok. LOL

 

Fri, 11/09/2012 - 11:25 | Link to Comment MilleniumJane
MilleniumJane's picture

What we got here is failure to communicate.

They're not even being smart about coordinating their numbers with other agencies.  Shows how much they realize the masses are not even paying attention.

Fri, 11/09/2012 - 11:24 | Link to Comment OMG
OMG's picture

I am so confident I took my .357 magnum colt python painted a one hundred dollar bill on the tip put the gun to my head and pulled the trigger and I'm still 

Fri, 11/09/2012 - 11:24 | Link to Comment tooriskytoinvest
Fri, 11/09/2012 - 11:25 | Link to Comment petolo
petolo's picture

I thought it was Colorado where they legalised Marijuana?

Fri, 11/09/2012 - 11:26 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

They must be polling all of the Obama phone people.

Fri, 11/09/2012 - 11:31 | Link to Comment surf0766
surf0766's picture

False Flag

Fri, 11/09/2012 - 11:33 | Link to Comment Lord Drek
Lord Drek's picture

This is encouraging. The global recovery is clearly on track. Now all we need is an earthquake in California or Tennessee to REALLY speed up the recovery. Positively bullish.

Fri, 11/09/2012 - 11:34 | Link to Comment tahoebumsmith
tahoebumsmith's picture

The people that were polled were called on their Obamaphones. I did the math last night and realized that next year I will have to pay a minimum of $7000 more in taxes. $4500 from the end of the Bush tax cuts for a family of 5, about $1600 more for healthcare thanks to Obamacare, guessing about an additional $600 thanks to prop 30 increases here in California, and another $400 in county taxes and municipal fees that will go into effect next year. Now if you add inflation to that number it will even be worse. People don't realize what we are facing as taxpayers. As the government continues its out of control spending on programs to turn America into a totalitarian state they expect us to pay for it. So what's all this talk about the "Fiscal Cliff" all of a sudden? Ever since the election was over, this is all the MSM talks about. Funny how they wait until after the elections to show how bad the situation our Government is facing really is. Bottom line is America is pretty much fucked and now that the elections are finally over the pain will begin settling in...

Fri, 11/09/2012 - 11:37 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

tahoe, this is about confidence at new highs..you are a downer a real hater i guess..now get with the program.

Fri, 11/09/2012 - 12:23 | Link to Comment JR
JR's picture

True or not: As California goes, so goes the nation. And California is going right now.

With Obama mania sweeping the state, the Legislature having achieved two-thirds supermajority, a budget mired deeply in debt and Democrats complaining that schools and infrastructure are suffering because the “rich” ($250,000 and up) have neglected to pay their share, the axe that will fall on the nation is already cutting California businesses and homeowners to the quick.

Today, my parents who reside in California already are seeking ways to move out as are small businessmen hit with an increase in income tax. A major target of tax-crazy Democrats will be California real estate with the prospect of overturning Proposition 13, giving them an unlocked door to the houses of California.

The election winners are using the case of race to cause white flight from the state; already the white population of California has fallen to 39.7 percent with the Mexican population rapidly gaining on its heels at 38.2 percent. If Prop 13 is overturned, which raised the legislative vote threshold to pass tax increases to two-thirds, white flight will accelerate to dizzying proportions.

Here was the wake-up call to California taxpayers,, post-election, from the San Francisco Chronicle: Democrat gain supermajority in Calif. Senate:

LOS ANGELES (AP) — Democrats gained a two-thirds majority in the California Senate following Tuesday's election, bringing them close to the ability to pass tax increases without the need for Republican votes.

However, Democratic Gov. Jerry Brown quickly cautioned that he already has pledged to take any further tax hikes to voters, as he did with the temporary tax increases that voters approved on Tuesday. And Democrat leaders in both the Senate and Assembly downplayed the idea that they would seek to further ratchet up tax rates...

Democrats will control at least 27 seats in the 40-member Senate and are closing in on the two-thirds margin in the Assembly as well…

...Democrats will inevitably face increased pressure from public employee unions, teacher unions and other core constituencies now that they are on the verge of gaining total control of the Legislature as well as the governor's office, said San Jose State University political science professor Larry Gerston

But Brown said at a Sacramento news conference that it is his role to make sure legislative members of his own party do not overindulge. He said he will ensure that California does not spend beyond its means.

"The desires will always outrun the available money," Brown said. "I always like to think with greater power comes greater responsibility."

He hedged when asked directly if he would veto a tax increase if the Legislature sent him one.

Read more: http://www.sfgate.com/news/article/Democrats-gain-supermajority-in-Calif-Senate-4017740.php#ixzz2Bk025huU 

Fri, 11/09/2012 - 11:37 | Link to Comment Ness.
Ness.'s picture

'When asked specifically about prospective changes in the national

unemployment rate, consumers held the most favorable prospects since 1984.'

 

 

 

 

Fri, 11/09/2012 - 11:35 | Link to Comment Translational Lift
Translational Lift's picture

Makes sense to me,,,,,,,,,,,,Don't they coordinate with the BLS??!!

Fri, 11/09/2012 - 11:42 | Link to Comment ziggy59
ziggy59's picture

Im confident there is one letter too many in BLS

Fri, 11/09/2012 - 11:37 | Link to Comment JailBank
JailBank's picture

I'm confident this report is B.S.

Fri, 11/09/2012 - 11:38 | Link to Comment JR
JR's picture

Government spending as a percentage of GDP since 2009 has surpassed 40% – from 42.83% in ’09 to the current 40.63%; it is on its way to the WWII-induced spike in 1945 of 52.99% and has surpassed the WWI-induced spike of 29.31 % in 1919. As a percentage of GDP in 1903, it was 6.79%.

That, of course, explains the current spike in consumer confidence in the face of dire economic conditions; these are the “consumers” – rich and poor—confidently spending other people’s money, i.e., government stimulus. It cannot be savers who have $8 Trillion in U.S. bank accounts and certificates being wiped out to the tune of $400 billion a year by QE on its way to the stock market, to be spent by "others."

The source of this data is:

http://www.usgovernmentspending.com/us_20th_century_chart.html

Fri, 11/09/2012 - 11:37 | Link to Comment ebworthen
ebworthen's picture

Highest consumer sentiment since July 2007.

Wasn't that about when the Depression started?

Fri, 11/09/2012 - 11:41 | Link to Comment ziggy59
ziggy59's picture

A father telling a story to his daughter.."And the sheep population continued their bleating even as they were led to slaughter..."

Fri, 11/09/2012 - 11:44 | Link to Comment falak pema
falak pema's picture

artificial stimulus can provoke fake orgasms. Consumer Sally meets Market Harry.

Fri, 11/09/2012 - 11:46 | Link to Comment whoopsing
whoopsing's picture

....Only dimly aware of a certain unease in the air....

Fri, 11/09/2012 - 11:46 | Link to Comment Jake88
Jake88's picture

Bullish bitchez!

Fri, 11/09/2012 - 11:51 | Link to Comment the grateful un...
the grateful unemployed's picture

Consumer Con is high and going higher because it measures DEFLATION. if you see prices falling you feel confident. if i wanted a new car but i noticed that the dealers were raising new car prices i would feel pretty low. (UMICH doesn't measure groceries does it?) all durables are losing value, which is why the government steps in to buy mortgage paper. consumers don't have any money left to buy a new appliance after that darned mortgage payment.

and there is some bit of an illusion to falling prices, because durable vendors often drop their prices when sales tax increases hit, which they are doing. so i feel good when i see prices of durables steady or even falling, but the consumer gets hit when the cash register rings up the sales tax (most consumers don't think about that until its too late) so yes its a Con game.

Fri, 11/09/2012 - 12:52 | Link to Comment JR
JR's picture

John Williams of Shadowstats.com.warned on September 12, 2012 in the video below that hyperinflation within a little more than two years is virtually assured. The proof is in the pudding, the purchasing power of the dollar:

By Greg Hunter’s USAWatchdog.com 

QUOTE: The Federal Reserve is talking about “unlimited QE,” or money printing, to boost employment.  Economist John Williams says, “That’s absolutely nonsense.  The Fed is just propping up the banks.”  Williams says, “You’re likely going to see a dollar sell-off . . . That should evolve into hyperinflation.”   Williams, “Doesn’t see the current system holding together without hyperinflation beyond 2014.”  He contends the real annual deficit is “$5 trillion per year” and says, “That’s beyond containment.” 
Williams predicts, “Hyperinflation is virtually assured because the Fed doesn’t have any options left.”  Williams says people should get prepared because we are facing a “man-made disaster.”   Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.

http://usawatchdog.com/hyperinflation-is-virtually-assured-john-williams/

Fri, 11/09/2012 - 15:18 | Link to Comment the grateful un...
the grateful unemployed's picture

but hyperinflation for who(m)? when the government subsidizes something, like food stamps (which I am pretty sure have a COLA built into the index?) then inflation bypasses them, but it hits me hard, because I buy my own food.when obama says he wants to tax the rich he means anyone who buys their own food and pays their own rent. with all the people who use food stamps, section 8, and housing subsidies through low interest rate loans, there are probably 100M voters into Uncles pocket, enough to swing the election anyway. but as the disparity between those who pay, and those who are subsidized, gets wider, then the non subsidized group gets hyperinflation.

Fri, 11/09/2012 - 19:23 | Link to Comment JR
JR's picture

Excellent argument; never heard it put quite that way before. Sort of helps explain the source of consumer confidence, the source of the economy’s buying power, and the source of Obama’s reelection euphoria. All temporary!

Unfortunately for the wealth redistributors, when the non subsidized cash cow dries up after its production has being milked, it’s hard times for everybody – there won’t be any money for anybody, and that includes - especially includes - the subsidized.

Fri, 11/09/2012 - 13:01 | Link to Comment Iconoclast
Iconoclast's picture

Good points well made...

Fri, 11/09/2012 - 11:54 | Link to Comment Quinvarius
Quinvarius's picture

You can't kill this bull with essays and surveys.  My thesis is bullish.  The more GS and JPM scream sell, the more bullish I am.  The fact that they have enough money to trade at all is an indication of the free money being pumped into the system.  No banking panic, no selloff.

Fri, 11/09/2012 - 11:53 | Link to Comment markar
markar's picture

Should be renamed" confidence game survey". the mass layoffs taking place should fix that in no time

Fri, 11/09/2012 - 12:14 | Link to Comment marcusfenix
marcusfenix's picture

it seems to me the results of this survey are at odds with the results of reality...

how did I come to this conclusion, you ask?

I walked outside.

but it does lead to to wonder, are there really that many people still that high on hopeium?

Fri, 11/09/2012 - 13:00 | Link to Comment Iconoclast
Iconoclast's picture

Love it, the kool aid guy is pissed on too much kool aid..

Fri, 11/09/2012 - 13:10 | Link to Comment jomama
jomama's picture

can we all just agree that most americans either don't give a fuck or are just too dim to see the writing on the wall?

Fri, 11/09/2012 - 13:24 | Link to Comment Iconoclast
Iconoclast's picture

Maybe it's one last blow out before dec 21st? :-o Just sayin...

Fri, 11/09/2012 - 13:19 | Link to Comment Vince Clortho
Vince Clortho's picture

Those UM pollsters sure have their finger on the pulse of the economy.

You can just feel the confidence oozing up in the heartland of America.

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