• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Spot The Odd(ly Confident) One Out

Tyler Durden's picture


Despite the yeah-meh-bleh nature of consumer confidence measures, Gallup's more broadly surveyed, and seemingly consistent with the reality of the American workforce, index of economic confidence remains lackluster at best and dismal at worst. However, there is one bright shining beacon of light across the "United" States of America... one state stands proud as the lone state that is economically confident... that state is... drum roll please... D.C.


The confused reality of confidence measures...




And the sad reality...

Can you spot the odd one out?


Charts: Bloomberg, Gallup, and @Not_Jim_Cramer

Your rating: None

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Mon, 02/10/2014 - 22:52 | 4422506 AlaricBalth
AlaricBalth's picture

Long lobbyists / Short Middle class

Mon, 02/10/2014 - 22:55 | 4422525 Crisismode
Crisismode's picture



Oh, I wish I was in West Virginia,

Old times there are not forgotten,


Look away,


Look away,


Look away,



Mon, 02/10/2014 - 23:30 | 4422634 Oh regional Indian
Oh regional Indian's picture

Because One is the UNITED STATES (A Corporation) and the rest are the long suffering United States of America.

Easily proved too.



Mon, 02/10/2014 - 23:48 | 4422684 disabledvet
disabledvet's picture

West Virginia? Wyoming? These are energy super states. These could very easily become some of the richest places on Earth in the next ten years...if not sooner if natural gas spikes to 10 bucks in say...the next two weeks. "And that energy is landlocked" as well.

"either you gotz...your don't gotz." And obviously they have truly massively supplies of coal...let alone alternative energy in the form of windpower. You wanna withdraw stimulus? They'll start massive production plans which will drive prices down to darn near zero and ship it all via railroads and barges "to the highest bidder." if they start forming State Banks ala North Dakota "look out." Wall Street could be shut out of the biggest capital bonanza in world history.

they could drive down electrical rates to pennies...and have all the heating fuel they'll ever need at the same time.

Tue, 02/11/2014 - 00:26 | 4422786 DoChenRollingBearing
DoChenRollingBearing's picture



Google "Power Zip Codes" fishez!  These Zip Codes are a combination of highly educated people who earn a lot of money.  The number one cluster of these Power Zip Codes?  Suburban DC...

Tue, 02/11/2014 - 03:13 | 4423027 Doña K
Doña K's picture

You mean "Beltway Bandits" territory

Tue, 02/11/2014 - 08:07 | 4423263 headhunt
headhunt's picture

Don't forget the government unions added to that mix; the succubus of America productivity.

Tue, 02/11/2014 - 09:39 | 4423430 killerhertz
killerhertz's picture

Maybe West Virginians aren't so happy with their tainted water supply?

Tue, 02/11/2014 - 03:48 | 4423065 Mister Kitty
Mister Kitty's picture

Solution?  Let's shoot another giraffe.  Bitches.

Mon, 02/10/2014 - 22:56 | 4422511 Crisismode
Crisismode's picture


Mon, 02/10/2014 - 22:55 | 4422513 Cognitive Dissonance
Cognitive Dissonance's picture

Overheard in a DC lobbyist's washroom. - "If you want to make money stick close to the cash register."

Mon, 02/10/2014 - 23:13 | 4422587 Chupacabra-322
Chupacabra-322's picture


Mon, 02/10/2014 - 23:21 | 4422609 Emergency Ward
Emergency Ward's picture

Washington, District of Corruption

Mon, 02/10/2014 - 23:36 | 4422654 remain calm
remain calm's picture

And apparently the canine confidence levels in the Beltway are at all time highs

Tue, 02/11/2014 - 05:23 | 4423149 NMFP
NMFP's picture

Washington, District of Cunts

Thu, 02/13/2014 - 07:08 | 4431610 Kobe Beef
Kobe Beef's picture

Burn it to the ground. Happy August 24th!

Mon, 02/10/2014 - 22:56 | 4422515 Fish Gone Bad
Fish Gone Bad's picture

I gotta run for office.

Mon, 02/10/2014 - 22:54 | 4422517 adeptish
adeptish's picture

Wolves amongst sheep.

Mon, 02/10/2014 - 22:56 | 4422520 paddy0761
paddy0761's picture

Living in a vacuum.

Mon, 02/10/2014 - 22:59 | 4422533 Fish Gone Bad
Fish Gone Bad's picture

Wow, West Virginia is not even trying.  Oh wait, West Virginia is the whipping boy of corporations, so that should be true.

Mon, 02/10/2014 - 23:07 | 4422567 Dr. Venkman
Dr. Venkman's picture

West Virginia has Southern Exposure though... Or if one gets drunk, then lost.... Nikki's Cabaret in Ghent.

Mon, 02/10/2014 - 22:57 | 4422534 Osmium
Osmium's picture

there is one bright shining beacon of light across the "United" States of America... one state stands proud as the lone state that is economically confident... that state is...


umm, pretty sure the District of Columbia is not a state.

Mon, 02/10/2014 - 23:01 | 4422548 Cognitive Dissonance
Cognitive Dissonance's picture


But it is in a perpetual state of crony corruption.

Tue, 02/11/2014 - 00:29 | 4422798 Shad_ow
Shad_ow's picture

It isn't a state, it is The State.

Mon, 02/10/2014 - 23:00 | 4422537 Flounder
Flounder's picture

The poll must have been taken around Dupont Circle and Georgetown rather than Anacostia.

Mon, 02/10/2014 - 23:08 | 4422543 Dr. Venkman
Dr. Venkman's picture

It is more correct to state that all states have negative Economic Confidence and the District of Columbia is positive. DC is a swampy tumor in the MidAtlantic filled with leeches and 35 year adolescents that have learned that they will never be liked by others but can lord their influence over those that choose not to associate with vermin. It is not, however, a state.

Mon, 02/10/2014 - 23:00 | 4422549 Dr. Engali
Dr. Engali's picture

All I ask for is one well place asteroid. Is that too much to ask for? Not to big, just large enough to take out a small city.

Mon, 02/10/2014 - 23:04 | 4422557 Osmium
Osmium's picture

can't give you more than 1 greenie, so +100

Tue, 02/11/2014 - 02:18 | 4422982 A Nanny Moose
A Nanny Moose's picture

We voted for it all. So, would one asteroid do the trick?

Tue, 02/11/2014 - 03:44 | 4423060 MisterMousePotato
MisterMousePotato's picture

"We," Kemosabe?

Tue, 02/11/2014 - 06:48 | 4423223 Dr. Engali
Dr. Engali's picture

Who is this we you speak of?

Mon, 02/10/2014 - 23:02 | 4422555 The Shootist
The Shootist's picture

Kommiefornia and Mass. are pretty fuckin CON-fident.

Mon, 02/10/2014 - 23:33 | 4422636 Pairadimes
Pairadimes's picture

Pimps are always bullish on pussy.

Mon, 02/10/2014 - 23:52 | 4422688 Son of Captain Nemo
Son of Captain Nemo's picture

And in honor of it's resounding success as a beacon of light exuding economic confidence to the rest of the Union in it's contribution(s)

I propose we solicit the services of the Zambelli Family to provide in it's honor a 20 kiloton multi-colored "mushroom cloud" on the Capitol lawn...  Food and beverages for the House and Senate members with staff as well as lobbyisits and Corporate executives to enjoy while they watch the spectacular one-of-a-kind display!

Something that I think all Patriotic American will come to enjoy once the festivites commence!

Mon, 02/10/2014 - 23:59 | 4422712 Lux Fiat
Lux Fiat's picture

All roads lead to Trantor.

Mon, 02/10/2014 - 23:59 | 4422715 Catullus
Catullus's picture

The arrogance. You haven't heard the discussions in the DC bars. They can't understand why the rest of the country is so pissed at them.

I remember flying in and out of DCA every month in 2008-2009. I counted no less than 30 cranes in the skyline then. You'd never know the country was 2 years into a depression at that point. Now a flight into DCA is bombastically expensive. Used to be $200-300. Now it's over $1000. Sickening.

Tue, 02/11/2014 - 00:09 | 4422736 Son of Captain Nemo
Son of Captain Nemo's picture

No worries.  Apparently you have been in D.C. within the las year.

Those heavy six figure salaries of the Contractors R' Us brigade are becoming a thing of the past with the downsizing of budgets and consolidation taking place right and left.  In short the natives in those "bars" are getting restless.

Think the last delusional twitch they exhibited was when they shut the government down and everyone was in a party mood.

Not for long!


Tue, 02/11/2014 - 00:21 | 4422767 OC Sure
OC Sure's picture

I see that Texas is 5th to best. Another interesting study would be Ron Paul's district versus others. If I recall correctly, the local powers that be attempted to run him out of politics by "redistricting" the state and squeezing him out, but his constituents were unwaveringly so loud that the bsd's could not swing it. Is that right? ...Anyway, with RP on the mind, what is the status of HIS constituents versus the rest of us who are not so fortunate???

Tue, 02/11/2014 - 05:39 | 4423158 Tall Tom
Tall Tom's picture

Median Income District 14 of Texas is $41,335



The median income per person in the USA is $46,326.


He is in a POOR DISTRICT. What is your point??? Is your point that they are UNFORTUNATE???


Here is a map of Household Income by county...



Here is a map of District 14



Now you can overlay the maps and understand that the Median Income reported on the District 14 source is HOUSEHOLD INCOME which serves to CONFIRM the source data..




If I can do this RESEARCH then so can you. But you did not and PROMOTED A LIE.







Tue, 02/11/2014 - 14:40 | 4424469 TPTB_r_TBTF
TPTB_r_TBTF's picture

Those who promote their imaginary friend are first lying to themselves, and secondly, they lie to others.


The OP asked questions, did not really make any statement, so where are these lies you scream about?

Sometimes people use questions as statements (tabloids like every day), but i think the OP's questions are sincere.

In any case, you should handle his questions first, show the lies, and only then, label him a "lying troll".


Please start over.

Tue, 02/11/2014 - 02:28 | 4422987 Tegrat
Tegrat's picture

Government workers. Worthless parasites taking money from the insane homelesss.

Typical Government workers.


Tue, 02/11/2014 - 03:42 | 4423057 The Wisp
The Wisp's picture

Let's replace government with some open Source code program..

Tue, 02/11/2014 - 09:11 | 4423341 ParkAveFlasher
ParkAveFlasher's picture

I can do it with an excel statement.

=if(isconstitutional(yes,OK,not OK),not OK)

Tue, 02/11/2014 - 09:34 | 4423403 d edwards
d edwards's picture

Hell yes! The gov't can extort money from the people (working people, that is) at gunpoint, just like the mob.

Tue, 02/11/2014 - 10:26 | 4423572 RaceToTheBottom
RaceToTheBottom's picture

Bigger troughs!!!!

We need bigger troughs!!!

Tue, 02/11/2014 - 10:42 | 4423625 MontgomeryScott
MontgomeryScott's picture

I think this calls for a little John Denver:


Almost Heaven, West Virginia...

(Oh yeah, FUCK YOU, D.C.!)

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