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Economic Confidence Has Gone Nowhere In A Year
Despite the exuberance of certain government-sponsored confidence surveys, Gallup's weekly measure of economic confidence in America continues to go absolutely nowhere. As they note, so far, 2014 has been a unique year for the U.S. Economic Confidence Index in its doldrum-like range, stagnant and still negative.
Gallup's U.S. Economic Confidence Index remained at -17 in the first week of September, the same score as in the last week of August. For the sixth week in a row, index readings have not strayed from a narrow range of -15 to -17.
Bottom Line
So far, 2014 has been a unique year for the U.S. Economic Confidence Index in that it has been remarkably steady throughout the winter, spring, and summer. In previous years, the weekly index readings from January through August had high-to-low ranges of 17 to 36 index points. In 2014, the index has stayed within a narrower eight-point range.
However, the index remains in negative territory. And though it has been stable, it can also be viewed as stagnant, because it has registered no real improvements in economic confidence.
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Recovery?
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The worse it is, the better it is. What's so hard to understand?
"Let them buy stocks!" J. Yellen
Looks a lot like China's phoney-baloney GDP growth numbers. But negative.
Time to prepare yourself for the next downturn. It's coming and Obama's government won't be able to do much to help anyone this time.
The unequal distribution of wealth makes government corrupt, and "a corrupt democratic government must finally corrupt the people, and when a people become corrupt there is no resurrection."
Gotta go finish my sign now...
GREEN SHOOTS! Everything is wonderful! Why arent you racking up debt and spending? Everything is great. If the prols would just go out and spend we'd all be living large.
fucking retards still don't get it.
corzine and cohen are plenty confident that they'll never go to jail so there's that
Steady as she goes is a conspiracy.
"Fellow Americans, I have to deal with ISIS and Putin right now, it will take a couple of weeks, the I will focus on the future of this great Country"....a few golfrounds and the an executive order that you should be confident....Trust me.... Obomba
How does this 7-year Depression have the facade of a economic boom?
I think about Janet Yellen and the U.S. economy and my libido is like I'm 18 again, so the desire is there... all the time! Constantly! I don't have the same lows. I feel like jumping in this market like tomorrow can't come soon enough.
I think what makes this the greatest depression in US history is the fact that we're in the middle of the biggest energy boom in world history while we have this "collapse thingy" going on.
And of course equities are hitting one record high after another...
CB utopia...budgets are so pre-information age
Let’s see, what could we do to stimulate the economy?
How about adjusting SS retirement checks to reflect the real/original CPI? That is, a CPI of 10% instead of 2%.
But, how could we pay for these adjustments? Well, there’s the $9-$11 Trillions that went missing from DoD, HUD and SSA, among other amounts and agencies. Perhaps we could investigate and recover these missing trillions. Should we do the work, or Congress? What a silly question.
With the adjustments, we benefit 50 million retirees; with the recovery of trillions, we benefit some 60 million private workers (with lower taxes) plus another 20 million who are looking for work. (Complete article)
The reason the CPI was changed was for this very purpose.
Just a couple of journal entries
Fill out the form
(the one with the grid on it, yes that one)
Holding pattern
at best
GDP declining
Debt
Increasing
Game
Ov
er
Time to adjust the CPI, GDP and unemployment numbers again. Just adjust them to be favorable and all the issues are solved.
Much of the economic landscape is beginning to look like something out of "Alice And The Looking Glass" A bizarre and unrecognizable land, a land that is distorted and papered over by ream after ream of paper. This paper has been rolling off the printing presses of central banks all across the world in an attempt to mask reality.
Peter Schiff says, printing money is to the economy what taking drugs is to a drug addict. In the short term it makes the economy feel good, but in the long run it is much worse off. What was once the "long run" or "distant future" may be getting much closer. More on what happens when the momentum ends in the article below.
http://brucewilds.blogspot.com/2013/01/what-happens-after-momentum-ends_...
Just wait til this gets some traction....................lol
I'll be watching the Iphone 6 sales the next couple of weeks. Given that the average Murikan would probably go without porn and GMO microwavable food to stare at the latest sexy encased box of 20 dollar ChiCom circuit boards this should be a very good proxy of consumer confidence.
If it's relatively flat sales than the consumer is done plucked and the holidays sales will be fucked (again). Rarely do we get an example of 'must have' consumer shit for the drones than this much hyped release. Should be quite revealing.
Four more years!