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Consumer Confidence Slumps To 4 Month Lows, Biggest Miss Since Dec 2012
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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Recovery picking up steam!
Nice!... MOAR QE coming.... I'm thinking 200 BL a month would be awesome! FREE MARKET CAPITALISM BITCHEZ
False flags, Israel invading, stocks are up. The new normal.
Doesn't matter, the Dow Jones confidence is at all time highs! Buy lemmings, BUY!
Just makes more room for the next up-beat data!
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.
the student loan and food stamp eCONoME bitchez
There is no inflation- Mr Yellen and the Bernank have said so!!!
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.
This economy is all on Obamao's hands!! Liberal, Progressive policies never fuckin work! The sheeple love free shit!!
'Tha connedsumer' is apparently a manic-depressive basket case, swinging from wild euphoria to deep depression month to month.
This is fantastic news - this means consumers aren't overconfident, therefore no bubble, therefore, it is safe to buy heavily at these levels.
What If Janet Yellen Is Wrong? - The New York Sun
If they're gaming the markets they're gaming the UE number as well.
same old bullshit
you know that the real data is much worse than this
but thanks for showing up UMich
scarey when they can't fake a survey enough to beat expectations..
The Federal Reserve will untaper the taper and will boost QE. Print more and more until there is a currency crisis.
* * * * 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
Meaningless story...DOW up 50+ @ 10:25AM, NAZ up 30+...
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
We need LIESman to give his expert analysis.
Funny, he must be on vacation
It does not look too bad. But it really doesn't matter. Harvest time for stocks is upon us.
My confidence slumped right after the passage of TARP.
Whole new meaning for the term "FREE MARKET"
so tired of all this fucking shit....