This page has been archived and commenting is disabled.
Consumer Confidence Jumps To 6-Year High (Led By Surge In Hope)
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
»
- 5376 reads
- Printer-friendly version
- Send to friend
- advertisements -
This should also be blamed on the weather, but it won't be
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?
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.
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
Is this the stage before acceptance?
Hopium addiction ? Call 1-800-BADDRUG
Sounds like a reason to buy...at any price :0
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).
Unfuckingbelivable... these "people" mustbe smoking Crack..
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.
BTFD
They forgot to tell you its only for the top .01%
That's meaningless without the Change (TM) figures.
Sorry, none left to spare.
"fingers crossed" is worth two points alone.
You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. [/Morpheus]
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.
fucking bullshit.
Is this series hedonically adjusted?
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.
More hope and change, rinse and repeat.
Recovery Summer v6.0
They only call area code 202 for their 5,000 "interviews"
1- 800-202-hope
They are so adorable when they have hope. Dontcha think?
Rigged.
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.
Legalize Hope in your state, fire it up.
I just don't buy what any culture in this globalised village is selling.
You wanted hope and change, now you have it. F***ing idiots
It's was never Hope & Change. It was nothing but Hoax & Chains.
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)
Fuck sake.
"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.
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.
I believe that's actually ignorance and/or denial. Take your pick.
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.
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.
Get some Hopium in ur vaporizer!
What do retail sales know, what consumers don't?
http://fidweek.econoday.com/showimage.asp?imageid=26251