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UMich Confidence Drops To 4-Month Lows, Biggest Miss Since October

Tyler Durden's picture




 

While the government's survey of consumer confidence saw new cycle highs - progressing the multiple expansion dream - the University of Michigan (private) survey has been falling for 3 months and is now at its lowest since November. Both current conditions (reality) and expectations (hope) missed expectations (overall index missed by the most in 5 months) but "hope" did rise modestly from 69.4 to 70.0. Must have been a 'winter stormy' week when UMich surveyed consumers...

 

 

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Fri, 03/28/2014 - 10:06 | 4602304 NoDebt
NoDebt's picture

100 = "normal"

Don't know why I feel the need to keep pointing it out, but for what it's worth, there it is.

Fri, 03/28/2014 - 10:16 | 4602333 Everybodys All ...
Everybodys All American's picture

70 is the new normal

Fri, 03/28/2014 - 16:29 | 4603651 Cattender
Cattender's picture

the New Normal is: High Unemployment.. Low Wage Jobs... Massive Pot Holes... Crumbling Citys... (think DETROIT Bitches!)

Fri, 03/28/2014 - 10:07 | 4602307 playnstocks
playnstocks's picture

Im confident this market is manipulated!

Fri, 03/28/2014 - 10:18 | 4602344 messymerry
messymerry's picture

I'm confident there are a lot of people running around with monkey hammers...

Fri, 03/28/2014 - 10:08 | 4602311 TeamDepends
TeamDepends's picture

Let's talk about our feelings....

Fri, 03/28/2014 - 10:10 | 4602315 PontifexMaximus
PontifexMaximus's picture

couldn't be more bullsih

Fri, 03/28/2014 - 10:10 | 4602316 pound the vix
pound the vix's picture

What was the question "Do you hope you're better in the future?"

Fri, 03/28/2014 - 10:10 | 4602318 bubblemania
bubblemania's picture

Bullish!

Fri, 03/28/2014 - 10:22 | 4602357 gamera9
gamera9's picture

Have you heard the news, everyone's talking
Life is good 'cause everything's awesome
Lost my job, it's a new opportunity
More free time for my awesome community

 

Fri, 03/28/2014 - 10:24 | 4602368 Stormtower
Stormtower's picture

I'm confident that my healthcare costs will continue to appreciate. 

Fri, 03/28/2014 - 10:27 | 4602379 B2u
B2u's picture

I am 100% confident that Washington D.C. is out to destroy the USA.

Fri, 03/28/2014 - 11:11 | 4602558 q99x2
q99x2's picture

I'll be a lot more confident if you ask me after the first of the month.

Fri, 03/28/2014 - 12:03 | 4602723 Cattender
Cattender's picture

i HOPE i can Believe in getting some spare CHANGE!!!!!!!!

Fri, 03/28/2014 - 12:54 | 4602877 BegrudgingConse...
BegrudgingConservative's picture

This is only one side of the story. Look at the more popular consumer confidence survey by the The Conference Board: http://www.nytimes.com/2014/03/29/business/economy/consumer-confidence-rebounds-but-uncertainty-lingers.html?_r=0

Why not also mention this increase in overal confidence (highest levels since 2008) when mentioning your UMich study?

Fri, 03/28/2014 - 13:31 | 4603019 Joenobody12
Joenobody12's picture

Talk about Michigan. I am confident heterosex will be illegal in the future. Fag sex will be on prime time family hour TV. Gay marriage will be compulsory.

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