Consumer Confidence Jumps To 6-Year High (Led By Surge In Hope)

Tyler Durden's picture

The 'recovery' has reached a new cyclical high in consumer confidence. Despite the economic growth sapping, recovery dampening, Fed tapering, consumers have not been more exuberant since January 2008. Of course, the jump to new highs is all about the future - the Present Situation index dropped while the "Expectations" index jumped 7 points to 83.5 - its highest in 6 months.

 

 

Charts: Bloomberg

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nuclearsquid's picture

This should also be blamed on the weather, but it won't be

 

Boris Alatovkrap's picture

Boris is not fancy trouser economist, so question is maybe stupid, but please to tell Boris, what is metric for "Consumption Confidence"...? Is somebody ask Amerikan consumer, "Hey, are you feel lucky today" (but not like Mr. Dirty Harry, but more is like Mary Chapin Carpenter)? Or is how much Amerikan house wife is spending on kilogram of bacon? Because, Boris is thinking, if "confidence" is measuring by how much is spend, then maybe "confidence" is result of inflation and not is jubilation of hope...

... but what is Boris know? 

Gaius Frakkin' Baltar's picture

How relevant is Consumer Confidence when the average consumer has no discretionary income and no room to expand credit?

A starving monkey high on heroine is also confident.

pods's picture

I think consumer confidence is the dumbest metric I have ever seen.

Don't matter how high it goes, if the FRNs aren't being exchanged and debt created it don't mean fuck.

Just more fake stuff for our Matrix society.

"Like" that bitchez.

pods

Rakshas's picture

Is this the stage before acceptance?

Rainman's picture

Hopium addiction ? Call 1-800-BADDRUG

PlusTic's picture

Sounds like a reason to buy...at any price :0

101 years and counting's picture

consumer confidence all the way back to Jan, 2008.  the US was only in the depression for the 1st 3 months at that point.  just another stellar data point, courtesy of the Fed and 5.5 years of printing money to prosperity (for the top .1%ers). 

Cattender's picture

Unfuckingbelivable... these "people" mustbe smoking Crack..

Dr. Engali's picture

Spring is in the air! Pull out that credit card and start consuming citizen. There has never been a better time to take on moar debt.

Mr. Magoo's picture

They forgot to tell you its only for the top .01%

replaceme's picture

That's meaningless without the Change (TM) figures.

FieldingMellish's picture

"fingers crossed" is worth two points alone.

buzzsaw99's picture

You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. [/Morpheus]

yogibear's picture

More reasons to offer the indebted public 10 year auto loans. Keep them auto loans rolling over. 

All the banksters have to do is lobby DC to turn them into non-defaultable loans and you have more debt slaves.Just like student loans.

Generations of debt slaves.

Kaiser Sousa's picture

fucking bullshit.

 

 

Cursive's picture

Is this series hedonically adjusted?

poor fella's picture

It's ok to be optimistic. The smart people are still waiting to see proof and until then; stacking, saving, and working on lifestyle improvements and resilience.

We have yet to hear the economic turnaround is coming late this year, early next - but IMO it is coming soon. Unless the habits of the .001% alone can generate a 3-4% GDP (yeah, a made up #, but we still watch it).

Nothing fixed - most much worse.

Last of the Middle Class's picture

More hope and change, rinse and repeat.

madbraz's picture

They only call area code 202 for their 5,000 "interviews"

BlindMonkey's picture

They are so adorable when they have hope.  Dontcha think?

search's picture

What good is freedom of speech when your crop gets sick of pissing into the wind? Wake up you self important God's own people. If you cave to TPTB you admit there's no democracy and the idea is a sham to bluff the stupid. Christ doesn't mean anything? The greater good doesn't mean anything? If so the USA doesn't really mean anything.

El Hosel's picture

Legalize Hope in your state, fire it up.

search's picture

I just don't buy what any culture in this globalised village is selling.

pound the vix's picture

You wanted hope and change, now you have it.  F***ing idiots

SDShack's picture

It's was never Hope & Change. It was nothing but Hoax & Chains.

vote_libertarian_party's picture

Look at the Gallup (non-gvt) polls.  They show cons conf still bouncing around the 2009 depression levels.

 

What a ku-winka dink, the gvt poll is at a 7 year high (still at recession levels...but won't mention that) 

Comte d'herblay's picture

"Hope----the thing with feathers".

According to Eli Lily, Prozac sales are also at all time 'high'.  As are those of Cymbalta.

When you '86' the artificial stimulus.....why bother.

 

search's picture

Maybe these people are still human even tho they suck prozac... Maybe they seek the artificial to stick their middle finger up at the so called real. They are dissapointed at your commitment.

Save_America1st's picture

I believe that's actually ignorance and/or denial.  Take your pick.

SheepDog-One's picture

Pretty easy to figure this one out, when all you've got left is hope, you double down on it. Sure, I'm living on a credit card, but I'm very hopeful I can keep paying the minimum payment and not go under water and start getting collection calls 24/7. Fucking sheeple.

BeerMe's picture

I'm not seeing it.  Q1 has been pretty slow.  Looking like it will be the worst in three or four years.  Weather may be part of the story but it certainly isn't the majority.

darteaus's picture

Get some Hopium in ur vaporizer!