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Consumer Confidence Drops, Back To April 2012 Levels
The final print for UMich Consumer Confidence beat expectations but that is about the best anyone can hope to glean from it. A slight improvement from the preliminary April data, the current and outlook economic indices both dropped for the first time this year and it has now been four months of no change year-over-year in this important sentiment indicator as today's measure of 'happiness' is exactly the same as that of April 2012. Perhaps US consumer are the most confident because their personal savings are now the lowest they have been in the past five years.
4 beats in a row but the first drop of the year...
As Sentiment has stgnated for four months...
with personal savings rates plunging...
Charts: Bloomberg
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More martial law sweeps and house searches, now in Oakland, sure help my confidence - http://www.ktvu.com/news/news/crime-law/fbi-local-police-conducting-massive-sweep-oakland/nXXKw/
If you are that confident, what are you waiting for? Drive the truck over to the mall and CONSUME! Yea!
How are the American people turning a blind eye to this?
http://www.ktvu.com/news/news/crime-law/fbi-local-police-conducting-mass...
Geez, there is so much to be confident about. You know Forward!
thats fricked up.......things are coming to a head, and fast
And ain't it about time?
another unintended result from the metal smashers.....mines shutting down due to gold prices to low
http://www.kxlh.com/news/drumlummon-mine-will-stop-operating-layoffs-ann...
I wonder if that is unintended.
Ken Langone is dropping the hammer right now on Bloomberg. It might be worth watching. Topic is Generational robbery through FED policy.
Price floorz, bitchez.
I wouldn't be surprised if they have warrants. The situation in Oakland is borderline--there's a substantial amount of gang violence and way too few cops. One solution the City uses is to set up meeting with gangsters, cops and community members and tell them that if the violence continues, the gang most responsible will get busted en masse. I don't know if they get warrants for everyone or what, but it wouldn't surprise me.
I am sure there are warrants for a few of the suspects, but also assume the police are searching everyone and sweeping from house to house. What else is the stassi supposed to do with all of their toys now that Occupy was crushed? https://www.google.com/search?q=oakland+militarized+police&hl=en&tbm=isch&tbo=u&source=univ&sa=X&ei=E496UYTVE4fyqQGel4CICg&ved=0CDQQsAQ&biw=1440&bih=770
http://www.sfgate.com/news/crime/article/Oakland-police-FBI-arrest-5-in-...
Thanks. I just wonder what was omitted in this. There is no greater lie than the one of omission. Mission creep makes me pissy.
I am with you on the militarization of police generally and horrified at the action in Watertown. The situation in Oakland on the other hand is a matter of community policy rather than rogue cops. Kind of like setting boundaries for bad boys. Here's another Oakland story from today: http://www.sfgate.com/news/crime/article/Woman-shot-killed-in-front-of-c...
I suppose since they ignore the second amendment, they feel confident to ignore the fourth as well.
Bullish!
savings? who needs savings when you have Mastercard?
What do you mean I am out of money? I still have checks!
All we need is a war and we'll have 95% of the dipshit masses doing backflips in no time.
Kissinger 2016 !
Is that when they take a headshot?
"Headshot" is no longer PC. Big Brother has issued a directive indicating that henceforth the term, "puppy", shall be substituted.
You saw the Boston "USA" chanting, just like I did, as they watched their 4th Amendment rights go right out the gd window.
Oh!!!!!!!!!, but the GDP rate grew 2.5%, and we are only at 105% of GDP.Funny how they believe their lies.
Some politician or social luminary could really make a name for himself/herself if they pulled a Howard Beale right now.
ETA: Dylan Ratigan kinda did it, then he kinda undid it. Where is he now?
ETA2: Found this:
Dylan is currently Partner and Director of National Development for ArchisAcres LLC, a veteran-led, organic hydroponic farming network that uses 90% less water and produces 3 times as much produce as traditional farms. ArchisAcres is part of a larger project for Dylan to invest his time and money in enterprises that create good American jobs and resolve core community challenges of food, energy, health, learning and infrastructure.
100 lbs each of beans and rice for each member of you family, will give you a little more confidence.
Everyone'll be more confident once our taxes are raised drastically, healthcare is run with the efficiency one expects from the government, and everyone is forced to buy whatever congress orders them too.
Well, can't save at ZIRP, and especially not when your Healthcare premiums, your kids college tuition and your tax bill all punish you.
This is a simple fix. Just give the consumers a free back rub or makeover at the mall and confidence will soar.
Or maybe just put some more people screaming "USA! USA!" on television that will solve most problems with those negative ninnies.
Evidently, nobody ever went broke underestimating the intelligence of the American Sheeple.
And also evidently, nobody ever will.
Soon enough it will be annouced the US dollar is no longer the reserve currency.
only certainty is quality of life in USA is going down every day
I'm as happy as a lark, very confident ... wait a second, that must be the SNAP recruiter at my door. Sign me up, gotta go!
As a consumer, I am CONFIDENT that the University of Michigan Consumer Confidence Survey is BULLSHIT!
Who do they question about their "confidence"? Are they polling a bunch of people at a mall who just ate 6 Cinnabons and a half gallon of Starbucks caramel macchiato?
That's what happens when COSTS ARE INCLUDED INTO THE GDP CALCULATION.
People will be OBLIGATED to buy basic food and commodities at higher price.
QE = Depression
EBT = Free
Nothing is for free.
Somebody else is paying for it = middle class
And when 100% of their wage won't cover it (even with EBT), the "official" market dies, and so does the government control and EBT. Bring it!!
Correct, extremely correct
ANOTHER REASON TO BUY PRECIOUS METAL SPECIE WITH BOTH HANDS, COIN SHOPS ARE QUICKLY RUNNING OUT OF INVENTORY AND RAISING THEIR PREMIUMS EVEN HIGHER!!!
A friend went to the local coin shop and was astounded to learn that the owner is charging $32.00 an ounce. He was bitching about this to my husband yesterday and said he didn't buy any shiny. I say, a sale's a sale, get what you can, while you can.
Ask yourself one question, what has happened to the average wage of these "customers". Go ahead, you can even include SNAP if you like.
PMs in launch mode--an OPEX to remember.
The comment 'the stock market is all that matters' actually means it's too hard for the criminals in DC to continue their charade when it all comes crashing down.
More good news on Obamas performance!
I'm scared because I buy...
I buy because I'm scared...
Consumers mean fuck all.
The guberment does all the buying that is required to make these markets go up.
Kaiser Ben and Kaiser Barry.
Holy fuckin batshit Bernanke, another twelve tons of gold disappeared from the COMEX warehouse yesterday! Guess that when you told Ron Paul that gold is not money JPM was not listening or must be re-evaluating. Where in the hell is it all going Bernanke, you dumbass.
Um, I don't think Bernank is a dummasss - you can bet your life some of that gold is going into his and Jamie's and Lloyd's, etc, island fortress private vault.
pretty sure that gold hasn't gone anywhere, they just don't want to sell it to the public. if you thought that the price of gold might rise in multiples would you put yours up for sale at the current [low] price? i am sure Bernanke gave him the heads up, he doesn't want to see a lot of fiat currency being changed into gold, that destroys money velocity because it takes money out of circulation, the same as hording cash.
Of all the stats, this is the most repulsive. First, its propaganda. Second, its based on a survey of morons who couldn't find their butt with both hands let alone really be able to discern the current state of the ecomony/nation. Third, its labels us as "consumers" which to me is a grand insult, and equates to 'debt serf', right to where the Global Bankster Syndicate steers the moron sheeple.
I am supremely confident that the fucking idiots that got us into this mess will be as fucking stupid, and down right fucking clueless tomorrow as they are today, and as stupider as they were yesterday.
These fucking swines couldnt tell an arse from an elbow. And to be fair to all politicians, no matter where they are from, they are all thieving fucking yes men who would screw their own mother twice for a quick buck.
Cunts, the fucking lot of them. Confidence my right tit.
Cunts yes. Idiots, no. Let's just call them "savvy" cunts.
Sorry mate,
I have had direct dealings with my 'Right Honourable Gentleman', and he is thick as pigs shit. In fact I would go as far to say my 12 year old son is more clued up than this imbecile. They really are idiots mate.
And to top it off they dont give a shit as long as they get theirs. Fuckers.
Consumer confidence by UMich is determined how?
CC looks like noise.
The personal savings rate is the signal.
You damn filthy consumers....GET BACK ON THOSE OARS AND ROW DAMMIT!!!
Ow, that whip bites! They blame the consumers, the sales reps, the weather...I can't wait to hear who/what is the next whipping boy. Bunch o' scoundrels, they are.
Beatings will continue until Morale Improves .. old saying
Beatdowns of Savers to continue until Consumers open a new credit line on their home equity.... Fed directive 1.a
Stay Classy AmericaAs long as they keep handing out zero down cars...zero down houses...and so on, it's no wonder people have no confidence...they can't afford this stufff, have almost no savings and so on.