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Consumer Confidence Slumps To 4 Month Lows, Biggest Miss Since Dec 2012

Tyler Durden's picture




 

This won't help the animal-spirity, growth-is-here, stocks-are-at-all-time-highs-so-that-must-mean-we're-doing-awesome meme that is so often propagandized to the world. UMich consumer confidence for July tumbled to 81.3 (missing expectations of a resurgent 82.9 by the most since Dec 2012) - its lowest since March. Current conditions improved modestly but more worrying is the 3rd month in a row of dropping hope for the future. The Fed may be particularly concerned as 1-year ahead inflation expectations are hovering at highs since Aug 2012.

 

 

Not good...

 

Chart: Bloomberg

 

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Fri, 07/18/2014 - 10:05 | 4973017 MFL8240
MFL8240's picture

Recovery picking up steam!

Fri, 07/18/2014 - 10:12 | 4973075 wallstreetapost...
wallstreetaposteriori's picture

Nice!... MOAR QE coming.... I'm thinking 200 BL a month would be awesome!  FREE MARKET CAPITALISM BITCHEZ

Fri, 07/18/2014 - 10:13 | 4973081 freewolf7
freewolf7's picture

False flags, Israel invading, stocks are up. The new normal.

Fri, 07/18/2014 - 10:15 | 4973095 Mr Pink
Mr Pink's picture

Doesn't matter, the Dow Jones confidence is at all time highs! Buy lemmings, BUY!

Fri, 07/18/2014 - 10:05 | 4973029 SheepDog-One
SheepDog-One's picture

Just makes more room for the next up-beat data!

Fri, 07/18/2014 - 10:07 | 4973032 schatzi
schatzi's picture

Misleading headline. It's still at an exceptionally high level. If you're looking for signs of economic weakness, you won't find it in this graph.

Fri, 07/18/2014 - 10:08 | 4973042 buzzsaw99
buzzsaw99's picture

the student loan and food stamp eCONoME bitchez

Fri, 07/18/2014 - 10:08 | 4973043 sodbuster
sodbuster's picture

There is no inflation- Mr Yellen and the Bernank have said so!!!

Fri, 07/18/2014 - 10:25 | 4973161 yogibear
yogibear's picture

They said it's noise.

Either these academics at the Fed are lying or out of touch with reality.

Every time I going out to eat, paying for a government service, electricity and gas as well as shopping it's getting very noisy.

Fri, 07/18/2014 - 10:09 | 4973052 RiskyBidness
RiskyBidness's picture

This economy is all on Obamao's hands!!  Liberal, Progressive policies never fuckin work! The sheeple love free shit!!

Fri, 07/18/2014 - 10:15 | 4973093 SheepDog-One
SheepDog-One's picture

'Tha connedsumer' is apparently a manic-depressive basket case, swinging from wild euphoria to deep depression month to month.

Fri, 07/18/2014 - 10:15 | 4973103 Al Huxley
Al Huxley's picture

This is fantastic news - this means consumers aren't overconfident, therefore no bubble, therefore, it is safe to buy heavily at these levels.

Fri, 07/18/2014 - 10:16 | 4973107 Bill of Rights
Bill of Rights's picture

What If Janet Yellen Is Wrong? - The New York Sun

Turns out, though, many of America’s largest corporations have been using low-cost money not to increase their workforce but to buy back their own stock in equity markets According to a study released in late June by the chief market strategist at brokerage firm LPL Financial, Jeffrey Kleintop, companies purchasing their own shares are the single biggest category of stock buyers. Not only can companies use buybacks to raise their share price, they can also push up the earnings-per-share number (even if earnings are flat) by reducing the amount of outstanding shares.

If they're gaming the markets they're gaming the UE number as well.

Fri, 07/18/2014 - 10:18 | 4973113 orangegeek
orangegeek's picture

same old bullshit

 

you know that the real data is much worse than this

 

but thanks for showing up UMich

Fri, 07/18/2014 - 10:20 | 4973123 PlusTic
PlusTic's picture

scarey when they can't fake a survey enough to beat expectations..

Fri, 07/18/2014 - 10:21 | 4973132 yogibear
yogibear's picture

The Federal Reserve will untaper the taper and will boost QE. Print more and more until there is a currency crisis.

Fri, 07/18/2014 - 10:26 | 4973144 Smegley Wanxalot
Smegley Wanxalot's picture

 

 

* * * * My gRaNdMa makes $65 BiLLiOn a month from her cOmPuTeR!

* * * * I'm serious!  She does!  Her name is Janet Yellen and she just prints it up!

* * * * w w w . f e d e r a l r e s e r v e . g o v

Fri, 07/18/2014 - 10:28 | 4973175 BigRedRider
BigRedRider's picture

Meaningless story...DOW up 50+ @ 10:25AM, NAZ up 30+...

Fri, 07/18/2014 - 10:31 | 4973187 Yen Cross
Yen Cross's picture

   I don't understand why? These (2) indexes are screaming with optimism.  /sarc

 

          USD         NY Empire State Manufacturing Index     25.60     17.00     19.28

       USD         Philadelphia Fed Manufacturing Index     23.9     16.0     17.8

 

 

Fri, 07/18/2014 - 10:40 | 4973276 foodstampbarry
foodstampbarry's picture

We need LIESman to give his expert analysis.

Fri, 07/18/2014 - 14:34 | 4974650 JRobby
JRobby's picture

Funny, he must be on vacation

Fri, 07/18/2014 - 10:43 | 4973289 Quinvarius
Quinvarius's picture

It does not look too bad.  But it really doesn't matter.  Harvest time for stocks is upon us.

Fri, 07/18/2014 - 10:42 | 4973291 Colonel Klink
Colonel Klink's picture

My confidence slumped right after the passage of TARP.

Fri, 07/18/2014 - 12:27 | 4973900 simplejustice
simplejustice's picture

Whole new meaning for the term "FREE MARKET"

Fri, 07/18/2014 - 12:58 | 4974070 Ward no. 6
Ward no. 6's picture

so tired of all this fucking shit....

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