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Consumer Confidence Surges; Beats By Most On Record

Tyler Durden's picture





 

Of course, why not. University of Michigan Consumer Confidence jumped from 75.1 to a preliminary 82.5 beating expectations by the most on record. While we remain below the July 2013 highs, current conditions soared to the highest since May and the economic outlook spiked to the highest since August. This is the biggest absolute improvement in current conditions since December 2008.... and that ended well eh?

 

 

The last time current conditions jumped this much... it didn't end well...

 


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Fri, 12/06/2013 - 11:03 | Link to Comment So Close
So Close's picture

The beatings will continue until morale improves.

Fri, 12/06/2013 - 11:10 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

Well speaking for myself, now that the Obamacare website is "fixed", I feel much more confident about doing battle at Wal-Mart for all those door buster deals.

Fri, 12/06/2013 - 11:13 | Link to Comment PR Guy
PR Guy's picture

...and battle you will !!

Fri, 12/06/2013 - 11:37 | Link to Comment wallstreetapost...
wallstreetaposteriori's picture

My consumer confidence is plunging... I have no confidence the sheeple will be able to pay for all this shit they keep buying on credit with the intention of having tax payers flip the bill.  Awesome....  I better get saving for when my taxes go the fuck up again.

Fri, 12/06/2013 - 11:10 | Link to Comment Headbanger
Headbanger's picture

But then again, there's only a few dozen consumers left in the US to poll anyway!

Fri, 12/06/2013 - 11:12 | Link to Comment Mark Urbo
Mark Urbo's picture

..confidence comes along just in time for the taper !

 

 

Fri, 12/06/2013 - 11:13 | Link to Comment Crash Overide
Crash Overide's picture

Here are my "confidence" numbers:

 

 

Underemployment:     25%
Unemployment:         14%
Inflation:                   7%
Benefit recipients:       100 million+
Government debt:      TRILLIONS!!!

Everything is getting even worse as each day passes so what's the score here again?

Fri, 12/06/2013 - 12:51 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

Crash,

One important number missing from your list is the price of one bitcoin a year from now...

Fri, 12/06/2013 - 11:36 | Link to Comment freewolf7
freewolf7's picture

Were the original Muppets this stupid?

Fri, 12/06/2013 - 11:42 | Link to Comment Pooper Popper
Pooper Popper's picture

Fuck you obama and that nasty horse/vallerie jarret you rode in on!!!!!!!!!!!

Fri, 12/06/2013 - 13:39 | Link to Comment Race Car Driver
Fri, 12/06/2013 - 11:05 | Link to Comment Ness.
Ness.'s picture

My head hurts from all of the bullshit.

Fri, 12/06/2013 - 11:10 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

You are not supposed to smoke it.

Fri, 12/06/2013 - 12:00 | Link to Comment Colonel Klink
Colonel Klink's picture

Bullshit = Hopium

Everything the Liar in chief is blowing.

Fri, 12/06/2013 - 11:06 | Link to Comment Terminus C
Terminus C's picture

This author must be Tyler's Canadian cousin, eh?

Fri, 12/06/2013 - 11:07 | Link to Comment PR Guy
PR Guy's picture

Sorry I meant to post just this

 

In Here's some Friday afternoon fun for you - Death tells us about his hobby - Nelson Mandela will undoubtedly be talking to Death today too.

http://www.youtube.com/watch?v=VTD4zBKbX7Q

Fri, 12/06/2013 - 11:07 | Link to Comment PR Guy
PR Guy's picture

Well, it's Friday afternoon where I'm sitting.

Fri, 12/06/2013 - 11:11 | Link to Comment Headbanger
Headbanger's picture

Great!  You mean I can start drinking already!?

Fri, 12/06/2013 - 11:14 | Link to Comment Mark Urbo
Mark Urbo's picture

I'll buy...

Fri, 12/06/2013 - 11:06 | Link to Comment PR Guy
PR Guy's picture

 

In Ireland, they count 16yo's in the employed figures but exclude them from the unemployed figures as part of the whitewash. They also forget to mention all the 'self employed' who haven't found any work in months and are part of the 20% who have defaulted on their mortgages (higher figure than that on the buy to let defaults), the huge numbers who have left the country, the huge numbers who have stayed in full time eduction/gone back to it, etc. etc. Then they crow because the official unemployment figure has come down to 13% - you couldn't make it up (er, actually, they do make it up).

Here's some Friday afternoon fun for you - Death tells us about his hobby - Nelson Mandela will undoubtedly be talking to Death today too.

http://www.youtube.com/watch?v=VTD4zBKbX7Q

Fri, 12/06/2013 - 11:07 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I am quite confident that the UMich Confidence Report is a CON!

Fri, 12/06/2013 - 11:20 | Link to Comment Crash Overide
Crash Overide's picture

They wouldn't fudge numbers right before Christmas would they?

Fri, 12/06/2013 - 11:28 | Link to Comment GolfHatesMe
GolfHatesMe's picture

Holiday sales this year to include everything you were thinking about buying

Fri, 12/06/2013 - 11:34 | Link to Comment Oldwood
Oldwood's picture

Prepaid funerals?

Fri, 12/06/2013 - 11:32 | Link to Comment Oldwood
Oldwood's picture

I'm as confident as I have ever been that we will see the biggest shit storm in this nation's history in my lifetime, and I'm 60 and slightly suicidal. Hey, everyone has a hedge.

Fri, 12/06/2013 - 11:07 | Link to Comment Tsar Pointless
Tsar Pointless's picture

Funny shit.

Fri, 12/06/2013 - 11:08 | Link to Comment Son of Loki
Son of Loki's picture

Unpossible!

Who are they polling? The people who stay home during the day watching Duck Dynasty reruns?

Fri, 12/06/2013 - 11:09 | Link to Comment Silverhog
Silverhog's picture

This must be the Grosse Pointe, Michigan confidence report. 

Fri, 12/06/2013 - 11:09 | Link to Comment Saratoga
Saratoga's picture

So all those people who received notication that their health insurance has been cancelled and now must pay at least 50% more are confident. Idon't think so.

Fri, 12/06/2013 - 11:11 | Link to Comment Non Passaran
Non Passaran's picture

They're confident they will spend more... on shit they don't need (ObozoCare). 

Bullshitish!

Fri, 12/06/2013 - 11:10 | Link to Comment Seasmoke
Seasmoke's picture

INCONCEIVABLE !

Fri, 12/06/2013 - 11:08 | Link to Comment Max Damage
Max Damage's picture

Lots of shagging going on then, since noone can afford to go out

Fri, 12/06/2013 - 11:09 | Link to Comment russwinter
russwinter's picture

Peak Bogus Economic Reports

Fri, 12/06/2013 - 11:11 | Link to Comment kralizec
kralizec's picture

This is not the surge I felt...

Fri, 12/06/2013 - 11:14 | Link to Comment q99x2
q99x2's picture

I once heard Walter Cronkite mention that Ann Arbor had the highest drug use per capita out of any city in the United States. The town I grew up in was second.

Fri, 12/06/2013 - 11:16 | Link to Comment Bosch
Bosch's picture

Apparently the conversation between Obama and Mrs. Boris Yelstin went something like this: 

 

Ms Yeltsin:  "OK, I'll take the job but you gotta do something to get me the fuck out of tapering." 

0bama:  Stares blankly at his blackberry 

Ms Yeltsin:  "You know, just make some shit up like you did with the employment #'s last October."

Fri, 12/06/2013 - 11:24 | Link to Comment falak pema
falak pema's picture

raging complacent bull! 

Promises for 2014 !

Fri, 12/06/2013 - 11:29 | Link to Comment SmallerGovNow2
SmallerGovNow2's picture

OT but wanted to share with my fellow ZH'rs...

RARE NEWS VIDEO: 1932 - young Patton, young Eisenhower, young MacArthur, Pres.Hoover, Walter Winchell reporting. I don't recall this from any history classes. Do you think our military, acting on orders from a broken federal gov't, will NOT march against our own citizens?? Think what you want to, but THIS DID HAPPEN only a couple of generations ago. Hard to believe but it was only 80 years ago !

 

http://www.youtube.com/watch_popup?feature=player_embedded&v=sNOsIB5VMSQ

 

Will leave you truly speechless. Anyone ever heard of this? I've been a life long study of military history and this is the first i've heard of it...

Fri, 12/06/2013 - 11:46 | Link to Comment Oldwood
Oldwood's picture

The reason so few are brave is because bravery so seldom seems to pay off. We are left to die for our principles, like anyone else gives a shit.

Fri, 12/06/2013 - 11:33 | Link to Comment GrinandBearit
GrinandBearit's picture

Fairy tales can come true... it can happen to you

Fri, 12/06/2013 - 11:34 | Link to Comment max2205
max2205's picture

Good news is always bad here on ZH

Fri, 12/06/2013 - 11:38 | Link to Comment Yen Cross
Yen Cross's picture

     Do the survey takers sit around a camp fire and eat peyote buttons and scratch numbers in the dirt to come up with these figures? JFC who in their right mind believes this shit!

Fri, 12/06/2013 - 11:47 | Link to Comment Hunter S. Thompson
Hunter S. Thompson's picture

You mean the "We can buy more shit" indicator

Fri, 12/06/2013 - 11:47 | Link to Comment crgTMT56
crgTMT56's picture

Thank you Herbalife for supplying jobs and giving consumers hope.....

Fri, 12/06/2013 - 11:54 | Link to Comment crgTMT56
crgTMT56's picture

complete defiance.....on record.... being televised to the outside world: 

http://www.valuewalk.com/2013/12/jeff-saut-bears-dont-much-time-video/

 

Fri, 12/06/2013 - 11:59 | Link to Comment Brazen Heist
Brazen Heist's picture

Xmas is coming...

Someone forgot to do seasonal adjustment. 

Fri, 12/06/2013 - 12:05 | Link to Comment Dre4dwolf
Dre4dwolf's picture

Boom before Bust.

Fri, 12/06/2013 - 12:07 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

Speechless

Fri, 12/06/2013 - 12:06 | Link to Comment squid427
squid427's picture

Unemployment is down to 7%, consumer confidence is up, the aca website is fixed, and if you don't believe me just ask Jay carney. He's a very honest guy.

Fri, 12/06/2013 - 12:22 | Link to Comment Brazen Heist
Brazen Heist's picture

Given the fact that gold, LIBOR, stocks, bonds and exchange rates are being openly manipulated, why the fuck wouldn't statistics?

Fri, 12/06/2013 - 12:28 | Link to Comment auntiesocial
auntiesocial's picture

in order to be part of the survey you have to own a summer home in the Hamptons. 

Fri, 12/06/2013 - 13:18 | Link to Comment NuYawkFrankie
NuYawkFrankie's picture

Consumer Confidence Surges!

And in other Breaking News...

Our Heroic Military continues to score glorious victories over rabble enemy forces in Eastasia... our Supreme Leader says some troops might even be home for The People's Winter Festival!

Fri, 12/06/2013 - 13:41 | Link to Comment evernewecon
evernewecon's picture

 

 

The Fed itself sees a bubble.

 

https://www.youtube.com/watch?v=RYcG0uXppQM&t=14m10s

 

 

And the largesse causing the latest 

bubbles predictably leads to the up

sentiment.

 

It's every well intended person's 

desire to see up sentiments, but from

democratic process, not deceptive ones

serving covering up the buying of 

a mortgage bubble and the purchasing 

of adversity with the public's funds.

 

But obviously economics dictates the

better sentiment itself becomes a 

bullish force for itself.  It CAN

improve velocity.

 

It becomes I screwed you but 

you're O.K. with it now?

 

Except the false activities of failed

corrupt investment firms are analogous

to the misleading indications of the 

likes of this

 

http://www.zerohedge.com/news/2013-12-06/real-us-unemployment-rate-115

 

and this, presumably nothing wrongful

intended by anyone, but naturally 

relied on by friends of TBTF.

 

 

http://pages.citebite.com/d1i8e3n1t3rpv

With Case Shiller,

 

 

http://pages.citebite.com/o2c0d2e1j0mlb

Simply Selling Yugos And

BMW's One Week, Just

BMW's The Next.

 

Mtg Apps Plunge

http://www.cnbc.com/id/101025316

 

Homebuilder Confidence Pause

http://www.cnbc.com/id/101040159

 

Signs Of Supply Wave 

http://mhanson.com/archives/1419

 

Keeping The 'Recovery' 

Dream Alive; 3 Big Banks Halt 

Foreclosures In May

Zerohedge, 5/28/2013

 

 

 

"44% of Homeowners With a

 Mortgage Can't Sell"

Shanthi Bharatwaj, Zillow, 5/24/2013

 

 

http://www.thestreet.com/story/11933280/1/44-of-homeowners-with-a-mortga...

 

 

http://pages.citebite.com/c1e7w0g5t0rar

 

 

 

"Biggest May Collapse" In

Mortgage Apps Since The

Financial Crisis Broke

http://www.zerohedge.com/news/2013-05-22/mortgage-applications-have-bigg...

 

http://www.zerohedge.com/news/2013-05-21/housing-unrecovery-here-lumber-...

 

 

 

Keeping The 'Recovery' Dream Alive; 3 Big Banks Halt Foreclosures In May

http://www.zerohedge.com/news/2013-05-28/keeping-recovery-dream-alive-3-...

 

 

 

 

With Shadow Inventory

Like This,

 

http://www.keithjurow.com/excerpt-from-5th-issue/

 

 Who Needs 

Residential Shadow

Inventory?

 

 

 

By far the most stunning oddity 

going on is how a public can be

convinced of raging recovery at

the very same time we're in 

QE to maybe infinity ?!

 

 

 

 

Fri, 12/06/2013 - 15:42 | Link to Comment orangegeek
orangegeek's picture

Time to move back to Detroit!!!!

 

Let's roll everyone!!!!!

Fri, 12/06/2013 - 16:02 | Link to Comment sbenard
sbenard's picture

Proof that propganda works!

Do NOT follow this link or you will be banned from the site!