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UMich Consumer Confidence Surges To 7 Year High Thanks To Ebola Scare, Sliding Market
Following last month's exuberant catch-up to the Conference Board confidence, UMich confidence surged to cycle highs (helped by Ebola panic and the worst stock maket turmoil in years). At 86.4, handily beating the 84.0 expectations - this is the highest confidence since July 2007. This is the biggest beat of expectations since April 2013 as current conditions were flat but the outlook for the future (hope) surged to 78.4 - highest in 2 years.
However, as Goldman notes, commentary from the University of Michigan indicated that recent developments including weakness in the stock market, global growth concerns, and worries about escalating military conflicts and Ebola appear to have had a limited effect on sentiment to date. However, they stated that "it would be surprising if recent declines in household wealth did not reverse some of the recent gains in optimism in the months ahead."
Charts: Bloomberg
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i hope i dont get Ebola. There, this sentiment just surged even more.
I hope Barry does get ebola.
I guess that these numbers are just for laughs anymore...
I'm a consumer...and I am confident...that we're fucked
People in Detroit found out the City could not longer afford to pay workers to shut off peoples water. And there was much rejoicing.
but the outlook for the future (hope) surged......
....... someday Obama will be gone.
If I didn't know better I'd swear there was an election coming up or something.
That would be rather unfortunate.
Yup. Think you exactly right, assuming people feel like having Congress all Republican will lead to better times. That's a pretty big assumption, but to use a market analogy, they are saying we are way oversold here, so people feel like we gotta go up. Can't tell you how often that has led to heartbreak. :-)
The Peeples polled have a droll sense of humor my Dad would say of them.
The Almighty tells me he can get me out of this mess, but he's pretty sure you're fucked
deleted.
Makes sense to me!
Consumer CONfidence = Reuters = Banks
Oh my God! How do we get out of this chickenshit outfit?
Why does Zh print this bullshit chart? Its a waste of time.
For laughs?
Who the fuck are they polling? I don't think I took acid, but man is shit getting funky.
Yeah, you suppose they're going down the road and sampling Detroit? Or perhaps just the rich kids on campus? ;)
Happy days are here again!
I got confidence the Dems will be wiped out in November
I would feel better if both the Red and Blue teams were wiped out in November.
If everybody showed up at the polls to write-in "None Of The Above", then the states' Boards of Elections would have even more ballots to throw away.
We have the power in our index finger to change the course of this disaster.
It only requires not giving up to these corrupt useless jerks.
Until enough awake people take the serious measures necessary to deprive the MSM of their microphones and to deprive the pseudo-intellectual revolutionary sellouts of their tenured positions, the only constituency represented in elected office and in the bureaucracies thereunder will continue to be the .01% psychopaths.
You give the voters way too much credit.
Besides, the results have already been determined. Voting is just to appease the masses.
The ‘data set’ that predicted the Ebola cruise ship problem?
http://wtfrly.com/2014/10/17/data-set-that-predicted-the-ebola-cruise-sh...
Cruise ship denied port in Belize as US tries to evacuate Dallas nurse who handled Ebola sample
http://wtfrly.com/2014/10/17/cruise-ship-denied-port-belize-us-tries-to-...
CON!!!!!!
Waitwut?
You can\t make this shit up....oh wait
Meaningless shit.
Ron Klain the new ebola czar? This shit is actually getting funny!
connedfidence surveys....about the most useless thing ever.
It’s called the Doomsday Book — though by now, officials at the Federal Reserve Bank of New York probably regret they ever came up with that catchy nickname.
It’s a collection of legal opinions that describe and delineate the Federal Reserve’s ability to fight financial crises, along with a variety of related documents.
( from the Drudge )
Drudge says: Shelter in place...
It is very easy to sell bullshit or horseshit to morons!
It would be funny if it wasn't so fucking sad.
The market is way up becuase of a massive short squeeze. This BS headline is just to give it cover.
Maybe people are just feeling better about the fact that we are just one day closer to this asshole leaving office. Then we get to start all over again when the next asshole takes over.
wow look at this fucking Ponzi shit fly, Gold and Silver , and any shorts getting a new arsehole
What happens when your University gets paid a whole lot of money by the Federal Government to look the other way...
The University of Michigan economic data is as fraudulent and doctored as it's Big Ten neighbor The University of Purdue Engineering was with it's modeling data for the destruction of the Twin Towers in Mahattan on September 11, 2001!
Guess the irony in this consumer confidence report is University of Michigan's equivalent to the "9/11 moment"...
Wonder if anyone at either University is that upset about those fact(s)?!!!
Am I reading the Onion now?
“When the fox preaches, look to your geese.”
It is fitting that this banker-controlled government continues to employ the work of Edward Bernays, “the Jewish father of American propaganda, who initially put his propagandizing techniques to work under Woodrow Wilson's administration to engage America in WWI.
"If we understand the mechanisms and motives of the group mind, it is now possible to control and regiment the masses according to our will without their knowing it... In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons ... who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.
"The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country." -- Bernays
Sounds like an old thermostat I had. It would jump from heating to cooling and back again. Totally disconnected from the real environment.
I junked it.
You should have patented it and sold it to the DOD.
Does UMich receive funds directly or indirectly by the Executive Branch of the U.S. Government?
Does anyone audit this process?
This process could be tainted.
Just a heads up.
Its a seasonal adjusted survey. Its a seasonal adjusted survey. Its a seasonal adjusted survey. The more I say it, the more it makes sense.