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UMich Confidence Plunges, Biggest Miss On Record As Outlook Crashes
After its biggest miss in four years (following the pre-revision spike to the biggest beat in three years), UMich Consumer Confidence came at 74.5 relative to an 82.0 expectation (biggest miss on record). Hugely down from last month's final print of 82.7, this is the first negative print since July to the lowest since August. Expectations for the future crashed its second largest absolute print on record (-13 to 64.6) to the lowest since Dec 11. In the typical election year we see a rise in hope and confidence into the election and then a drop off after - it seems we are following that path...
Average performance of the UMich Confidence data on election years versus this year...
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Who needs confidence when you have the con.
this was the biggest con game in recent history. The UM confidence number I'm convinced was rigged for the president's election. No other number could have been more out of line with reality than this one.
Wait a damn minute here, everything looked rosy in October...
Maybe everyone thought Mitt was going to win and "save" us and therefore the high con number? Or like you said it was rigged, either way we are screwed and maybe the sheep are figuring that out finally.
You seem surprised...
...not at all. Very predictable from the Chicago political machine.
2.000 U-Mich students are less confident that there will be a new iphone worth spending their student loan on next year ?
fire up those choppers..ben..lol
whoops, that's bad news...sorry, algos aren't programmed to that
Eat shit GETCO you fucking ass eating crooks.
They are all pissed off in Michigan because they are about to be a right to work state. They might actually have to do something.
Dr. Engali,
Why have right to work? Shouldn't an employer have the right to have all employees join the union?
Working for a union is working for the government. They just hide behind "companies".
Why shouldn't an employer have the right to fire without fear of repercussion?
goes hand in hand with this morning's employment number beat.
<sarc>
So employment situation "much better than expected", but consumer confidence "much worse than expected".
What is "Baffling with bullshit", Alex?
no one cares joke
Baffalling me with more BS.. I picked the wrong week to quit sniffing glue.
http://www.youtube.com/watch?v=7WAwuSK36Gw
This indicator is inversely proportional to Smith & Wesson earnings. Nuff said!
And I am getting a $4.50/share stocking stuffer from Ruger thanks to a special dividend (which just went x-dividend).
Talk of Administration staff meeting with BATF to encourage them to declare semi-autos "destructive divices" will sky-rocket sales in 2013.
"Talk of Administration staff meeting with BATF to encourage them to declare semi-autos "destructive divices" will sky-rocket sales in 2013."
Is that a joke or do you have a link?
Never mind I found it, some guy with "inside" info here is the vid from fox if anyone is interested
http://video.foxnews.com/v/2005266599001/
Hmm. They finally found the Detroit area codes?
After the election they interviewed folks with brains and jobs instead of folks in the ghettos, shockingly they all agreed the US is not on the right path! Contrary to all the reports done pre election in the hoods and ghettos, who said things have never been better living on welfare!
time the market crash then! youve been hoping this mkt to tank since about January,with "chief redemption officer likely to be busy in November" etc...Needless to say the market is about 5% up and 4 weeks away from then.
Man,im gonna also find "rally ends" post from May and Dow about 12,000 if i can/
time the market crash then! youve been hoping this mkt to tank since about January,with "chief redemption officer likely to be busy in November" etc...Needless to say the market is about 5% up and 4 weeks away from then.
Man,im gonna also find "rally ends" post from May and Dow about 12,000 if i can/
They have new rounds of ammo and assault rifles being shipped into Detroit. With that kind of weaponry your bound to have confidence when you go out to get your merchandise.
The thing I like most about Fridays on ZH are the comedic posts like this one.
I think a few ZHers had an orgasm with this number.
'Baffle em with bullshit' on steroids, benzo's, and crystal meth from here on out I hope everyone is mentaly prepped for it.
Souring Consumer Sentiment
http://chartistfriendfrompittsburgh.blogspot.com/2012/12/souring-consume...
The UM Con figure has to be one of the biggest cons out there.
Whatever the figure turns out to be, it was done for a reason.
Anyone any idea how much the Fed has printed this year so far?
Wait till the reality of Obama policies set in, there will be pre-emptive firings and retroactive penalties and many more arrests like that Baldwin kid, then guns whipped out on all sides.
Welcome to Syria America, you too have a mafia govt
"Welcome to Syria America, you too have a mafia govt"
We have three branches of Govt in the U.S.
The Bankstas, the Mafia, and the Politicians.
Isn't that what the founding Father's set up?
Anyone any idea how much the Fed has printed this year so far?