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UMich Consumer Inflation Expectations Crash To 12-Year Lows
Last month's 7-year high UMich consumer confidence came amid an Ebola scare and collapsing stock market...with surveyers actually noting their own surprise, "it would be surprising if recent declines in household wealth did not
reverse some of the recent gains in optimism in the months ahead." So when November's preliminary print hit 89.4 - smashing expectations of 87.5 - to its highest since July 2007. For the first time since Dec 2011, UMich has risen 4 months in a row. The main driver of the exuberance is 'current conditions' which surged to 103 - the highest since Jul 2007 as the outlook barely budged. However, despite Bullard's comments about a rebound in inflation expectations, with 5Y expectations collapsing to the equal lowest since Sept 2002.
But inflation expectations collapsed...
Charts: Bloomberg
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Total Fiction now.
Surreal!
you said it.... FAKE fucken FICTION numbers WOW
High you say??
Yep, that's about right..
wonder what has happened in the last hour or so that lit a fire under the paper PM's? They're surging big time right now.
Anyone know what's up??
Let me know when it's above $20.
What a load.
Does "fake fiction" mean that they are real?
Reality on acid...film at 11.....
judging by the slope on your forehead... and 400cc brain case capacity ... you must evolve a little more before posting and understanding the world ...
be free my hairy hominid friend
and avoid paper fiat money
g-day
u have found my weakness.... and now i am melting into a pile of green slime and cpu chips.... however my robotic phalic arms have ejected and will continue my tireless work... pumping and typing their way through our sea of filthy propaganda ..
till next time we meet !!
The tribe is masterbating at these numbers.
bullard just said inflation was picking up
Precisely. Who the hell are they asking?!
Anecdotally, and here in the UK, most people I speak to are NOT confident at all - quite often, if I'm buying things I'll speak with the people and ask them 'how things are going' business wise - it's NOT good.
DavidC
nothing to see here...
everythings fine...
just move along...
bank holiday on monday?
yea!!!!!
WASHINGTON (MarketWatch) — A gauge of consumer sentiment rose this month to the highest level since mid-2007, as gas prices and the unemployment rate dropped.
The preliminary November reading on the University of Michigan/Thomson Reuters consumer-sentiment index increased to 89.4 — the highest level since July 2007 —from a final October reading of 86.9.
Economists polled by MarketWatch had expected a November reading of 88. That puts the index above the 86.9 in the year leading up to the recession.
Readings on confidence can provide clues to economists about the direction of consumer spending, the backbone of the economy. Earlier Friday, the government reported that retail sales rose last month, a welcome sign as the holiday shopping season nears.
http://www.marketwatch.com/story/consumer-sentiment-climbs-to-highest-le...
Potemkin Village and psychotropic drugs comes through again.
http://winteractionables.com/?p=16430
I recently (2 months) moved to a home with well water. The water is tested very good quality. The hallucinations have stopped and I seem to be thinking much more clearly. Or is that just another hallucination?
We getting so high , it's getting harder to breathe up here.
Soooooooooooooo........is this bullish news or bullish news?
In one of your first posts published on ZH you refered to the confirmation bias. These numbers bear out that theory. The world is deep into the collective fantasy that all is well.
Bullish for today, Its the best 11/14/14 I'm ever going to have.
Make it so.
Friday humor http://deadspin.com/maybe-you-shouldnt-thank-this-specific-follower-patrio-1658660978
Now that the CONsumer's CONfidence numbers are at their peek it's time to pull the rug out again and crush the proles.
So now we know: Gruber - of Nancy Pelosi's "I knew him before I never heard of him" fame - was right. The American people can truly be characterized as stupid if they think inflation is down and confidence is up. As Algore once (more or less) said, everything that's down should be up, and everything that's up should be down. IQ is part of that "everything that's down", I guess.
My consumer confidence is peaking. I have decided a sturdy bicycle with plenty of spare tires, tubes and spare parts for it is a great purchase. I will move forward on a used one.
It isn't fiction. The UMich survey is your average Joe that got a big price break recently on energy and food prices have quit rising. A lot of corporate discounting going on. So yeah, the general consumer is feeling better.
There are a ton of headwinds which many of us are aware of (government up the butt of the little guy) and hedging will come in very handy. I'll keep making hay while the sun still shines (kind of).
There are going to be a lot more broken promises and pain as America restructures. Look out for one another.
Good points! Mid-year elections and Xmas stampede season right around the corner.
Retailers can't take too many more seasons like the last 4 or 5. Of course that culls the herd and leaves the corporate giants with thier shit bag offerings as last ones standing.
The retards will be out on Thanksgiving day to stampede none the less.
I really doubt we will see a substantive CHRISTmas stampede once again this year.
I recently read a comment where the writer challenged the curious to "bing" or look up the term "Weimar Inflation", some of what I discovered was surprising. Germany had come out of the first World War with most of its industrial power intact, the speed at which inflation suddenly destroyed the currency dovetails with some of my thoughts on currency trading today.
It is possible that inflation "could stem from the lack of faith in a currency, or all currencies, rather then from a lack of available goods". It was amazing how quickly inflation took root in Germany during the 1920s, we must consider how fast it could happen now that we live in an age of instant communication. For a primer on inflation in Germany in the following WWI and some surprising facts about inflation see the article below.
http://brucewilds.blogspot.com/2013/01/surprising-facts-about-inflation....
Sick of your ads
Totally ficticious, disney land of economic data... If you legalize Marijuana, then the hoards of Wall Streeters will smoke pot.
Pure unadulterated nonsense. I have to imagine even the average Joe, after seeing everything rise in price in the real world would never say "they" expect prices to be going down.
Anyone notice inflation expections low means bottom in gold price?
stop spending folks - feeder cattle and live cattle are at all time highs - stop buying beef in any form
fuck these banks and reserve banks that fuck us with wealth concentrating inflation
deflate these bankster pigs and stop spending
The University of Michigan must be talking to all their alumni.