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Biggest UMich Miss In 4 Years Follows Biggest UMich Beat In 5 Years
If you aren't thoroughly confused, confounded and outright disgusted by the newsflow supposed to represent the US economy, you aren't paying attention. Because two weeks after the preliminary UMich print was supposed to come at 82.2, instead soaring to 84.9, or the biggest beat of expectations in 5 years, we get the final UMich number, which missed expectations of a 84.5 read and plunged to 82.7, the biggest miss of expectations in 4 years. Of course, this makes sense: two weeks ago we had the euphoria associated with a new old president, and hope that 4 more years may fix this country. Two weeks, and the biggest market drop in one year later, enthusiasm has been doused just a tad. And adding insult to injury, 1 Year inflation expectations rose from 3.0% to 3.1% - just as the spectre of declining asset prices has reared its ugly head, yet this is well below the 2.8% expected for 5 year inflation - as a reminder, in 5 years the Fed's balance sheet will be between $6 and 10 trillion. Boy is everyone in for a surprise...
But the bottom line: the long-standing tradition of "confuse everyone with BS" continues, as investors desperate for some stability either to the up or downside, are unable to get a bearing for the 4th year in a row.
Two weeks ago:
And today:
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And then reality set in.
RELEASE THE KRAKEN !
the bitch has been on a tear far too long. let her OD on cntrl+p already! save us all from her misery...
Print some more Ben and give it to UM, that bitch will hit 86.
"as a reminder, in 5 years the Fed's balance sheet will be between $6 and 10 trillion."
Lend me ten thousand, I'll pay it back.
Lend me ten million, it's really my neck on the line.
Lend me ten billion, the IMF or some other derivative of the BIS had better be on hand.
Lend me ten trillion, and you're... the bag holder.
Fiscal Cliff for President!
Maybe all this mess is caused by global warming. If it were only cooler people would buy more stuff.
Maybe there should be a global tax on production and that will cause temps to go down - but people will have less money - they'll borrow more to buy more. What will we do with the global tax 'revenue'? - oh, spend it on improving the roads to the shopping areas so people will buy more stuff - won't that create more traffic and global warming? Yes, so will tax the roads with tolls. But the roads were paved with tax dollars - yes, but tolls will help keep the roads in better condition.
genius
Save the Fiscal Cliff!!!
Tiny Tim only yesterday mused we should remove the fiscal cliff altogether. He wants it flattened and replaced with a Santa Pod style drag strip into infinity where politicos and bwankers can burn up cash to their hearts content and without boundaries
Tim has truly entered a LaLa Land, fiscal reality has passed the poor sod by. A career crone who prepares the US Budget but has no concept of what the word "budget" actually means ...and he's 'head' of the US Treasury!!
zero, now you know why timmah was picked..to any rational investors his remarks about the debt ceiling would have caused panic- but to our medicated bunch just a shrug.
We should establish which bunch of 'Govt experts' (cough, cough, cough) hired someone to do the US Govt budget that doesn't like or understand the word "budget"
has Timmayaha lost his grip (on reality) while at US Treasury or did he never have a grip?
was it the same 'expert panel' that appointed MF Global as a Fed/US Govt Primary Dealer??
seems Govt testing of its partners is as sloppy and sub-standard as every other part of Govt
More than expected, rally on, SP 1400 today
fixed
"If you aren't thoroughly confused, confounded and outright disgusted by the newsflow supposed to represent the US economy, you aren't paying attention."
You're right--I'm not paying attention...
Willing Suspension of Disbelief
All we get are more commercials. My popcorn is half gone; when is the Feature Presentation going to start?!
Munch.. And when the popcorn is finished, we realize that the commercials are the feature presentation, and they will never end, until the projectors are smashed.
Seriously... who cares what anyone at UMich thinks? They're nothing more than a bunch of psychopathic neo-Keynesians.
whoever these assholes are that come up with these bogus ass numbers for this bogus ass survey should be lined up and marched down a line where on both sides there are ZH readers who then punch them in the face all they way down to the end....
Sincerely,
Sick of the fucking bullshit.
i am pretty sure if you stick a cat in a hole and poison it you don't need to check for sure to make sure it's dead
EENIE-MEANIE-MINEY-MO......let's pick.......82.7! OK. Print it.
100% put-on.....100%
The bi-polarity is becoming more bi-polar.
<Captain....she's gonna blow!>
if economic .gov numbers made sense..well the outcome would be less than desirable for the 1%..living lies in the land of blind is bad, but in the land of fat and stupid is no way to go thru life. the best I can hope for is some nut rag head cia backed muffie goes off the rez and nukes DC or Wall st. with a bomb provided by .gov by an ex fast and furious ATF agent who had mistakenly sent a working nuke .. peace.
shocking
I never trust the UM numbers, IBDs numbers are always more accurate.
NEVER TRUST MICHIGAN
G-O B-U-C-K-S ! !
Have you kicked a Wolverine yet today?
Up yours you worthless nut. What happens when we trust Ohio? Four more years of Obama!?!?!? GO BLUE!!
France downgrade -- rally
No Greek deal -- rally
U Mich miss -- rally
Consumer confidence miss -- rally
Tel Aviv bus explosion -- rally
See a pattern here?
yeah all great reasons to sell gold and buy more AMZN and CRM. Virtual products with virtual earnings. The future is virtual, baby ... not sure how we'll all function on virtual energy.
LOL, well put man.
TPTB don't want a sell-off right before Black Friday. Got to keep the masses motivated to buy more and more junk.
i see the pattern, it's impossible to deny. but this is the most boring crack up boom ever.
I do! Like when the BLIND lead the BLIND they all fall into the ditch! Can you see?
"as investors desperate for some stability either to the up or downside,are unable to get a bearing for the 4th year in a row"
Isn't that the idea when you want to destroy a system? Make the system so unstable that people lose what little trust and confidence they have left in it. Make it so that it is difficult to profit and the people just walk away?
My survey says there's two types of people out there:
People greatly pessimistic about the future.
People who don't have a fucking clue what's going on.
Boy, those 5-10 people they survey at UMich sure are moody...
It is properly pronounced "U of M", NOT "U-mish".
NOBODY associated with the University of Michigan would ever say "U-Mich". That's just wrong!
isn't that just peachy news?
lets all put our helmets on and go shopping friday morning.
MOAR SHOPPINGS!
Is there a live ticker anywhere for this year's seasonal shopping death toll?
Helmets aren't enough these days.
Better use this instead: http://hacknmod.com/video/project-grizzly-fighting-bears-with-diy-body-a...
You have to understand that this is a DELIBERATE and PLANNED attack by the elite-illuminati.It is a takeover. It is very easy to see if you are awake. It is very hard to see if you are not awake.you are being enslaved. The system was propped up with fraudulent numbers till the election. The election is over and the end game has begun. The petro-dollar is near death. You need to exit the system ASAP and buy GOLD and SILVER NOW. They are already targeting retirement plans. They will lock you into lending the criminal government your money and never getting your purchasing power back. Raise your level of awareness and educate yourself and turn the TV off. It will do you a world of good.You then will understand the this is the ultimate battle between good and evil.Yes I mean GOD and the devil. You need to pick a side and act accordingly. God Bless.
I think Dick is now a panda in a north korean zoo, that's what i heard anyway, you can go back to the game folks alls good,nothing to see here
I thought the biggest UMich beat was done courtesy of Alabama.
....and very fond memories of Apalachian State :)
Obama got re-elected so we can now go back to our regularly scheduled collapse.
Maybe we are entering chaos. I remember being 16 and driving a 1948 full dresser Harley 1200cc with a foot clutch and suicide shift. I was going too fast around a turn on a tar and gravel road. I had to over-steer to the left to stay on the road. The momentum threw the bike to the right and I pulled the steering back to compensate. For a few seconds I brought it in line and then all of a sudden inertia slammed the bike onto the road. I and the bike went spinning and sparking round and round down the road as the headlights and windsheild and various parts of the bike flew off in all directions. The roll bar saved me. Maybe the FED has some type of spoiler roll bar on the economy.
In fluid dynamics it works a little differently more like the economy. A few blips and then poof.
It's A Housing Bounce, Not A Housing Bottom
http://chartistfriendfrompittsburgh.blogspot.com/2012/11/its-housing-bou...
The FED's balance sheet swelling to $10 Trillion??? They must have an AWESOME credit rating!!!
IMHO, there is a really great point in the narrative of this post. The notion of inflation in staple items coupled with declining asset prices is counterintuitive to folks (who are in for a catastrophic surprise as this seeming paradox continues). But it makes perfect sense: as the volume of Bernanks in circulation drives up commodities and things needed, folks have less and less ability to service the debt on durable goods - and even less chance to buy anything new like a car or a house. This will continue as people become increasingly squeezed by ever-more-rapidly increasing prices for staple items.
So you can (and likely will) have both intensive inflation and a crushing debt deflationary spiral. If foreign bondholders throw in the towel, then you get a temporary spell of hyperinflation, but it is not necessary for that to occur for the whole country to disintegrate into violent chaos and underground barter. Whoever is left standing and has preserved purchasing power (with gold, silver, Pb, etc.) will have a nice and large-scale rummage sale to pick from.
My rant is done.
OK so totaly worthless polls follow totaly worthless fake data....got it.
Everyone knows U of MI is not to be trusted. Ever.
--Go MSU Spartans!