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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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.

Cattender's picture

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

playnstocks's picture

Im confident this market is manipulated!

messymerry's picture

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

TeamDepends's picture

Let's talk about our feelings....

PontifexMaximus's picture

couldn't be more bullsih

pound the vix's picture

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

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


Stormtower's picture

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

B2u's picture

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

q99x2's picture

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

Cattender's picture

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

BegrudgingConservative's picture

This is only one side of the story. Look at the more popular consumer confidence survey by the The Conference Board:

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

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.