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The "Harsh Weather" Verdict: 19% Spent Less, 27% Spent More, 55% Spent The Same
With Goldman proclaiming that half the recent downturn in US macro data is due to "weather" and the rest of the hockey-sticking sell-side extrapolators fully entrenched on the Spring-will-save-us-all bandwagon (despite the manifold examples of the worst macro data misses being from regions that simply were unaffected by the winter storms), we thought the following chart would be of interest.
RBC finds only a mere 19% of those surveyed "spent less" due to the weather - and 27% spent more!
But never mind that reality - we need another 'meme' to keep the dream alive...
What goes down in real-time as reality hits... must be hockey-sticked up in the future to provide a top-down foundation for BTFATH idiocy...
Charts: Bloomberg
h/t @GreekFire12
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I doubt the respondents to the survey actually know whether they spent more or less.
People living paycheck to paycheck can EASILY determine that they're spending the same amount of money, as they spend ALL of it.
Just on different things as time goes by.
Blame it on weather! Like USSA Senate fool is carry on in theatre of absurdity, making of weather for excuse for naked power grab.
Self-reported surveys are incredibly prone to error. .. .. .. .
My car insurance went up 10% for no good reason ... other than ZIRP choking hell out of insurance company liquid reserve yields.
Rain-,That's the very best reason; if they keep hemorrhaging you'll have no insurance!
In Russia, is not needing insurance for automobile:
http://www.youtube.com/watch?v=iY7JxzNRE4g
even in nasty nasty weather!
Oh Fuck!
Someone better let the Goldman "analysts" know that weather is predicted for the rest of 2014 so they can adjust their macroeconomic models appropriately.
Snow plowing, salt & scrapers, child care with all the school days off, heating expense.
Even online shopping may offset much of the lower traffic in brick & mortars.
To say that for GDP destruction ice
Is also great
And would suffice - Frost
I spent way more
I spent way more, but have nothing to show for it. The money was burnt in the heat pumps.
consumption is production
war is peace
that is all
bitchez
heating bills, too.