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Here Is The Reason For The Surge In Consumer Confidence
Last month's sudden plunge (and biggest miss since Jan 2012) in Conference Board consumer confidence merely enabled an even bigger bounce this month. Consumer confidence surged to 94.5, its highest since October 2007, beating by the most since April 2013 (amid Ebola outbreaks). While the current situation was relatively flat, the surge in the headline data was purely due to a huge spike in future expectations from 83.7 to 95.0 - the highest since Feb 2011. Oddly, fewer people are likely to buy a car, major appliance, or house in the next 6 months but survey respondents expect a surge in incomes?
Hope is back at levels seen in 2005...
And this is where the surge came from:
Let's hope consumer confidence in hope is not misplaced...
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They are gonna buy food.
Feels like 2009 rally all over again....see the desperation to not get left out?
Difference being that QE was just starting then, and it's ending now.
Even idiot junkies know you don't get high without the drug. You only come crashing down until you wish you were dead. "Just one more shot, then I'll quit..."
Crack up boom.
Hope & Change - no mo Obama
Too funny......a surge or a surgery?...like the surgery to get that fist out of the muppet's ass when they tank this ponzi market .....
Muppets be wantin bigger asses.
http://www.independent.ie/style/beauty/body/blame-the-belfie-why-young-women-are-rushing-for-bum-implants-30698986.html
KK, is gross in my opinion. Pure trash!
Maybe they're banking on that $15 minimum wage for burger flippers.
A surge in incomes? T hat 's the signle most unlikely event they could pick to believe in. But then a lot of them believe in life after death and heaven, and Jesus , and so on. And for t he same reason. Their minds aren't strong enough to deal with what the future will actually bring; a long nap, no increase in incomes, etc. The German People in the second half of 1943 believed that the "situation" on the Eastern Front would soon improve. This opinion, or feeling, was carefully monitored and reported on in Berlin, at the same time the propaganda organs of the state worked to maintain the illiusion. the main leakage, came from soldiers home on leave who told their family what the situation really was. Peoples beliefs often seem absurd to an outside observer; but what was the alternative for the German People? The alternative was what actually happened. If you don't stabilize the Eastern Front, and start driving this huge, well equipped, and fast learning army backwards, they're going to be in your front yard in a short while, and Germany will cease to exist as a country; so it's not hard to understand why it was so easy to believe in the althernative. Remember the reason for "globalization" and "Nafta", which were gifted to us by the Clinton White House, was to reduce the amount of the capitalist profit that the American Worker took home; by hiring slave labour in China. Globalization now lives on as one of the great propaganda victories of the twentieth century, right along with stabilizing the Eastern Front, very few people can form the thought in their minds, "why do we have to buy all manufactured products from China, (and other eastern wage sumps); nor are they capable of remembering that it was illegal to import anything from China in 1970. the other arm of this insurance policy is the un-controlled immigration; believing in an increase in income is like believing in the tooth fairy. Henry Ford understood that the workers needed to be able to buy the product of the industrial plant; but now this is never thought of. Government workers get paid twice as much as private sector workers, considering wages and benes. The whole economy is upside down and backwards.
Then there are those who believe that buying carbon credits from Goldman Sachs will save the world from global warming or cooling or whatever disasters foretold by the High Priest of Global Warming Al Gore. The world is full of suckers of all stripes.
Things have been bad for so long they can only get better... right? ... right?
"The most disappointing aspect is that 45 percent think they'll never get their finances back to where they were before the financial crisis," said Ken Rees, CEO of the Elevate credit service company, which commissioned the survey. "And a third are losing sleep over it."
http://www.cnbc.com/id/102123665?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=102123665#.
Investing in Ambien and Lithium seems like a winner.
It's easy to get such numbers. The .gov is simply increasing the limit on those EBT cards.
"winning" (in an election year).
It's all those hookers and blow
I love it when my hooker blows me before we fuck...
I have to blow up my hooker before I can fuck it.
But the good thing is atleast the austerity sucks.
damn I want to give you 2 up arrows for the double funnies :)
Even the fucking jokes are losing their purchasing power :)
LMFAO!
Surge in income?
That must include government benefits for most of these respondents.
It's that $20 Social Security COLA that was recently announced.
They only surveyed bankers and politicians.
Why do I get the feeling that all of these government "statistics" are all a bunch of hogwash? Probably because it's true... I just want to know when it became in-vogue for the US government to lie and obfuscate everything they tell the citizens?
My thoughts exactly...."Consumer Confidence"? Exactly WTF is that supposed to mean anyway? I can't think of a more bullshit concept.
My take would be that this indicator is a gauge of how effective government propaganda has been recently in shaping public perceptions.
As in "Consumer CON"...
I just want to know when it became in-vogue for the US government to lie and obfuscate everything they tell the citizens?
It has been happening since November 23, 1963...Most likely it was happening well before that.
You are still in the Denial Phase and believe that your Government somehow will tell you the truth?
It is not happening. THERE ARE NO POLITICAL SOLUTIONS.
Have you not observed the American public to not know the answer?
'When it became in vogue for the govt to lie"
1913. Although many will probably say since the beginning of time, and I would have a hard time disagreeing. But it has gotten much worse since WWII
Ignore the hard data. Embrace the soft survey. SSDD.
Let them enjoy it while they can
The New Black Death
See
https://www.academia.edu/8993526/The_New_Black_Death
http://andreswhy.blogspot.com/2014/10/the-new-black-death.html
Good luck !
You'll need it .
If hope is more powerful than fear, and fear is more powerful than greed (complete sentence)
Winner gets to spend the night in the Lincoln bedroom
2nd place: 2 nights in the Lincoln bedroom
Last place: Night in the Wookie's bedroom
Consumer confidence is not an economic figure, it is indicating the performance of the mainstream media and entertainment industry.
They HOPE they can buy food. At least the statistics are already cooked.
What the hell is consumer confidence? My car is such a piece of shit I rarely put more than 20 bucks worth of gas in it because Im afraid if it breaks down Im screwed out of the money. I put 40 in it the other day. I guess Im confident too?
It's skittle shitting unicorns for everyone. I'd love to meet the team of oompa loompa's, resposible for compiling these statistics.
I hope mine can shit peanut m&m's...
they are all bankster types on the board of directors, what else can one expect other than complete BS that serves their gambling needs.
Yeah, we all know how that hope and change thing works out. Keep falling for it fools.
The voters already know that through Chicago politics methods Hillary is already the next president, so the handouts are expected to increase. Larger screen free phones, etc..
Rocky Mountain High.
Yeah right, like they really interviewed anyone out in the real world...so then why keep the names of the people secret? it's not like it's a national election. because we all now these good people would never fake these numbers, right? I mean, Conference board is a tax-exempt organization, based in NY city, the CEO is from Harvard, just like Larry Summers...Joe Ackerman from Deutsche Bank is on the board...the CEO of spanish bank BBVA is on the board...wait a second!
Completely unbiased people with no conflict of interest whatsover. It's not like Deutsche Bank has trillions of $ in derivatives and could move markets in the direction of their bets based on this bogus publication...
Conference Board has a little Potemkin Village set up some where. It is full of Sandy Hook actors.
I must be way off base, I thought it is oil (gas) prices.
Since I am getting passed on the interstates, which has been a good indicator. Not that anything else is.
Sounds like the data has been fiddled -- in a particularly clumsy way ...
Ding, Ding, Ding!!!! A winner.... Obvious. Everyone forget that we have mid-term elections coming up?
You can bet on 'improved' numbers all around before elections - with substantial 'adjustments' downward AFTER elections....
They must be talking to a select group of elites, or they're just making it up.
So we've got two more years till most people realize we're fucked?
Why do we even need this survey. I mean look back to 2007 when it was printing 140 (whatever that means). Seems like 93 after 6 YEARS of recovery is pretty sad.
Future expectations shooting higher? As in "I'm expecting the new TV season to be faaaaantastic!".
Obviously, they are not talking to Las Vegas casino operators.
Yeah, here is your confidence www.dailyjobcuts.com
I suspect they pull numbers from one month into the next month to stimulate volatility to improve the simulation of a functioning market.
On Tuesday morning I awoke to a market where stock futures are soaring ever higher even after important economic numbers have been released coming in at below expectations. As the stock market continues to remain at historic highs please tell me what is so good? What is so much better?
As I see it the weight of carrying a large number of unemployed and nonworking people who have dropped out of the work force will wear down society through attrition. The article below points out some of the glaring flaws in the argument that blue sky lies ahead as the stock market seems to indicate. As I look at a landscape of empty and under-leased buildings that once housed thriving businesses that provided Americans with good paying jobs I'm forced to ask, How are things getting better?
http://brucewilds.blogspot.com/2014/10/tell-me-again-how-things-are-getting.html
I can't stand it. This is such a hilarious poll. I'm dying to know, what are the questions? Why not round it off to 100% and say everybody in the whole country is happy. Meantime the rest of the real world is moving on.
The expectation of Obama (or someone like him) winning the presidency along with full Democrat control of the Congress played a great role in liquidity evaporating and the collapse in velocity. As his programs proved damaging and illegality flourished unchecked, expectation was realized. As Republicans clawed back and are on the verge of expanding their majority in the House and taking control of the Senate, confidence will continue to grow.
Hope don't pay the bills Dopes...
One word. Election.
Lie for sham election.
hope for sham election
Of course, any time you see one of these surveys or indicators drop, it's just so that they can set it up for a big bounce next time around....everything fake, all the time.
November election means ya gotta haul out the lipstick for this pig of an economy--
But there's always some reason to put more lipstick on the pig, next month it will be something different, all just the same though.
Should be called the Hope & Change index.
Predictable ahead of what is popularly believed to be a sea change election to the "economic growth" party. They could make the longer term future brighter with some truth-telling and reality/math-driven policies and medium-term pain, but almost certainly won't.
liters of ebola infected diarrhea and vomit at the shopping malls for christmas, that will be reality, not misplaced hope.
more like misplaced ebola poop
"clean up aisle 9"