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"As Good As It Gets?" UMich Current Consumer Conditions Hit 7-Year High
After 5 years in a row of April preliminary-to-final upward revisions, 2014 did not disappoint as the flash 83.0 was upgraded to 84.1 final and near the highest since the crisis. This is the biggest beat since November as current conditions and outlook both rose as did short-term inflation expectations. Current Conditions is at its highest since July 2007 - mission accomplished.
But Current Conditions rose to a new cycle record highs...
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sentiment lolol
is the stock market used in the actual calc?
Markets fall on Russian internet booze sales ban: http://rt.com/politics/154848-russia-alcohol-online-sales/
Tis' never been a better time to get your free shit.
So this index comes from U.S. consumers? Yep, they tend to be the brightest people on earth.
Remember they do SELL the data for early release to Wall St. So to guarantee a future revenue stream, the data MUST support the sell side Agenda??
The fall always happens at peak levels of complacency.
When the crash comes, the pundits will once again point to numbers like these and say:
"WHOCOULDANODE?"
it's about as legit as the Fucking stock market..LOL!
Russia???!!!?!! "Where's that?
The NBA playoffs are on and my EBT card still works great!!! He'll ya I'm upbeat!!
Stock market plus the 0.1%.
I'm beginning to believe UMich sends out only one survey per month ... to Michelle Obama.
Just change the survey name to UMooch already.
take this with a grain of salt. prior to 2008, a reading below 90 was typical during a RECESSION. so, an 84 during this cycle may be the peak.....which in the old normal meant recession. if this is the peak (i believe it is), get ready for some serious pain.
This shall henceforth be named the Idiot Index!
so is the "consumer confidence index" the new version of the phony S&P AAA rated mortgages?
I feel better already
Nothing a good hot war won't take care of.
Why does ZH bother with this propaganda.
//"Looks like we made it."
Barry Manilow
Just wait until they have some bad weather..
The Ministry of Truth also reports an 80% increase in boot lace production.
UMich Consumer Sentiment - it's funny to read these "surveys" designed to get the muppets buying at tops. Even the muppets are figuring out that surveys like these are pure crap.
These indicators have become a complete joke - thanks for helping to make the happen ZH!!!!
Oh, and FUCK YOU KRUGMAN!!!!!!!!!
Probably the most useless of all the surveys. Told us nothing before the 2008 crash.
How do you revise a survey???
As an alumnus, I find this survey and its continual unrealism completely embarrassing.