Is This The Peak For Confidence?

Tyler Durden's picture

Given surging mortgage rates, fading macro data, a Fed that perhaps is not so prone to support people's 401(k)s, we wonder, just as we have seen in the prior two cycle, whether the gains in confidence (based on future hope and expectations more than current situations) may have peaked. With yet another lower low and lower high, it seems the easy-money path to creating animal spirits is suffering an epochal series of diminishing returns.


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20834A's picture

I'm confident that I will be poorer in the coming years!

jbvtme's picture

not about consumption.  it's productivity

screw face's picture

Spook's that work'en out fur'ya......

CH1's picture

What matters is Peak Obedience.

So long as everyone obeys the overlords, why should they ever change anything?

SheepDog-One's picture

Returns have seriously diminished...they now seek to control minimum wage workers? Big deal... the 'nobles' are about to experience a serious pinch themselves. That's what this is ALL about...a system of slavery which has failed, and the desperate attempts to keep it alive are about over.

CheapBastard's picture

Las Vegas housing market getting Monkeyhammered; 40,000 empty houses:



Jumbotron's picture

Party like it's 1999.

After looking at this looks like Prince was actually correct in 1984.  But instead of nuclear destruction it turned out our destruction came from weapons of mass financialization.

"Party over, OOPS, out of time."

Midasking's picture

If we could get a few more million on food stamps to get that stimulus quickly to main st I bet we would have a lot more confidence.

buzzsaw99's picture

I'm confident that I ain't buying jack shit for the rest of the year.

Jayda1850's picture

What? No more gold or silver?

Dr. Engali's picture

I'm confident that I will be buying a bottle of Jack and taking a shit this year.

RaceToTheBottom's picture

And I will name mine Greenspam and the Bernank (alternately), and I aint talking about the bottle of Jack.

tango's picture

I will be buying "things" (just bought another farm) that could be useful.  My wife and I are from families of savers and when hard times hit, that's when we buy.  Services (tree cutting, house painting, pool work, vacations, etc) drop dramatically in price.

Caviar Emptor's picture

I'll inflate your confidence if you'll inflate mine

nickels's picture

Pride goeth before destruction.

nmewn's picture

The beatings will continue until the morale improves.

screw face's picture

....or  until the 'bigboys' get their machines ready............



for i and i...... Woooh Jah..

Dr. Engali's picture

Managing the decline all the way down to fourth world status. Soon people will be eating road kill and liking it.

Blazed's picture

Is that a trend?

Bearwagon's picture

If we are at the peak, shouldn't there follow sort of a 'plateau' for some time? ;-)

kridkrid's picture

I've never understood why I should care about consumer confidence. I mean I get the short term impact of the aggregate group of idiots (consumers) thinking that things might get better, or worse, or something and the impact that might make on their willingness to take on more debt, again, in the short term... But man what a dumb forking number to consider. The fact that it's reported on and the way it's stressed should tell us everything we need to know about the fake economy.

bonderøven-farm ass's picture

It's a meter to reflect the effectiveness of the MSM propaganda machine......



Caviar Emptor's picture

We were confident while Ben promised we wouldn't need jobs or a real economy. As long as he kept house prices and stocks moving up and up we could borrow our way to being rich. Now he's talking about taking it all away

fonzannoon's picture

call me when we hit peak bullshit.

Dr. Engali's picture

Brrrrinnng..brinngggg....hello Fonz..we are there.

fonzannoon's picture

Kito bought gold Doc, if he bottom ticked it I will be in awe.

Dr. Engali's picture

You're kidding me? I thought for sure our resident deflationist was waiting until it hits zero.

Yancey Ward's picture

Just when I thought it couldn't get any deeper, I was forced to take a taste.

yogibear's picture

The fed will announce a new larger round of QE. Krugman's do or die plan.

SheepDog-One's picture

And that would be the spark which Hindenbergs the entire thing.

eclectic syncretist's picture

I'm confident that although JPM is near default on its COMEX gold accounts, it stood for delivery of 1.7 million ounces of silver yesterday, and that silver is outperforming gold on a relative basis lately, and that I find these developments interesting.

SmallerGovNow2's picture

OT but someone just bought a fucking boat load of gold and silver...  look at apmex charts ahead of marketwatch...

Al Huxley's picture

Something's all fucked up with the gold price at the site I follow it on - the lines are all pointing the wrong way.  Unless maybe a bunch of old prewar jews are needing to pick some up to sew into their clothes.  Can somebody check with Charlie Munger on that?  He seems to be an 'in the know' guy.

SheepDog-One's picture

Soon the entire US will look like Detroit, and DOW will probly be 20,000!

Al Huxley's picture

99.999 % will look like Detroit - medieval hovels surrounding newly built castles for the new nobility.

SheepDog-One's picture

There's nothing new about this though, it's just the lastest slavery system on it's last legs desperatey trying to keep it going for themselves because the 'nobles' have no way to survive otherwise. Same crap as in the first century, just new slavery done thru interest rates and Corporate Conglomerate control. It's sputtering out though.

Al Huxley's picture

True, new methods, old game.

RaceToTheBottom's picture

I was confident till I wasn't

Lilguy's picture

"...the peak of confidence?"

I'm even MORE confident now that the economy, as I have been for some time, that the economy is going to hell in a handbasket.

Inthemix96's picture

Heres one that'll make you fuckers laugh.

One of Camerons mates, owns a company here called 'Wonga' its a pay day loan firm that offers up to £400 quid over thirty days to folk who have fuck all and are just scraping by.  Hence the need for such a company.

Guess what?  They've just upped there top line interest rate to get this, 5560%, thats not a miss-type, thats 5560%.

We are all in this together?  Thats right innit?

Preying on those the weakest to withstand them folks, welcome to the new normal, get used to shit like this till it all comes tumbling down.

Dr. Engali's picture

Those fuckers are some of the worst parasites out there. They are some of the worst kind of money changers. 2000 years later and we have the same problems just different players.

DanDaley's picture

Now, if I could just borrow some quim instead of quid for 30 days, interest rates or no, then we could talk.

Seeking Aphids's picture

And they just started up in Canada...saw the ads for them (or an outfit like them) just the other day....a Brit company. Just what we we can be screwed politely.

thismarketisrigged's picture

consumer confidence, what a fucking joke of data.


first of all, who the fuck are they polling, because i bet you if they polled zerohedgers, the number would be 0.


also, just bear in mind, the peak for consumer confidence was in july of 07 i believe with a print of 90. 


so the same clowns who were confident back then, they r confident now. lol, they got no clue what is coming.