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European Consumer Confidence Tumbles To 9 Month Lows

Submitted by Tyler Durden on 11/20/2014 11:34 -0400

Despite record low bond yields and all the promises one can bear from politicians and central bankers, the people of Europe are the least confident since February. At -11.6, missing expectations of a slight improvement from -11.1 to -10.7, this is the biggest miss since August 2011. It's perhaps not surprising given the near-record highs in unemployment but oddly, confidence seems highly correlated to EUR strength (or weakness)... the opposite of what the market hopes for.

EU Confidence at 9 month lows...

As Confidence correlates rather too strongly with a weaker EUR...

Charts: Bloomberg

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Thu, 11/20/2014 - 11:36 | 5469761 Took Red Pill

and the riots continue in Brussels. Couldn't find this anywhere else except on FB

https://www.facebook.com/video.php?v=10152390001855952&set=vb.3801708095...

Thu, 11/20/2014 - 11:39 | 5469772 junction

I have to learn Italian, then I will join the riots on Facebook.

Thu, 11/20/2014 - 13:02 | 5470077 roadhazard

heh, "riots on facebook". This is why there is no one in the streets, armchair outrage. But they saw how OWS was treated so, fuck it.

Thu, 11/20/2014 - 14:03 | 5470352 Paveway IV

Never figured the Belgians had it in them.

From Radio Blackout:

More than 120,000 people took to the streets on Thursday in Brussels, in what was the first major demonstration against the austerity measures of the new right-wing government.

The event was organized by the common front of unions Belgian and saw a massive participation of workers, temporary workers, the unemployed, illegal immigrants and students, united against the new government agreement that includes measures which constitute a real attack to the work and social services.

The event was a success in terms of participation: the organizers have stated that no such a turnout was registered in Belgium for at least 30 years. From now until the end of December are scheduled several other demonstrations and general strikes.

_{*For geographically challenged Americans: Belgium is somewhere near Quebec in Canada and poses no threat to the US}

Thu, 11/20/2014 - 12:06 | 5469882 Mi Naem

Whaddaya wanna bet most of the rioters are Albanians?

Thu, 11/20/2014 - 12:37 | 5469979 Handful of Dust

Most of Brussels is now under Islamic control so don't worry. They'll sort it out.

Thu, 11/20/2014 - 13:06 | 5470089 Sudden Debt

Monday is national strike day in Belgium! Now it's Antwerps turn :)
let's hope for those guys it won't rain and they get nice weather

Thu, 11/20/2014 - 11:37 | 5469762 Dr. Engali

Meh.... They're Europeons.... who cares?

To all my European friends, lighten up.....it's a joke.

Thu, 11/20/2014 - 11:36 | 5469765 junction

Who's happy anyway besides the 0.01%?

Thu, 11/20/2014 - 11:40 | 5469775 order66

Don't worry, the U.S. will carry the entire Eurozone with its 2% growth.

Thu, 11/20/2014 - 11:45 | 5469796 medium giraffe

Hopefully we English can give up on this whole 'European' pan-state circle-jerk love-in and get back the business of being largely hated and vilified. We're not very good with 'nice' or 'neighbourly', at least we know where we stand when we're being xenophobic cunts.

Thu, 11/20/2014 - 13:10 | 5470113 Sudden Debt

The beautifull woman and the culinairy kitchen of England will be missed in Europe....
HAHAHAHHAAHAHAHAHAHAHAHAHA!!!

Thu, 11/20/2014 - 15:27 | 5470636 medium giraffe

Ahhh, there's the hatred. Reminds me of the good old days.

Let's see... xenephobia. Hmm... oh... I have it: 'we won't miss your Flemish 3rd world chocolate fondling shithole either'.

That ok? I'm really out of practice, this is embarrassing...

Thu, 11/20/2014 - 15:36 | 5470687 Sudden Debt

Maybe you should call your family and with that combined IQ of 85 you'll be able to formulate a proper insult?

Thu, 11/20/2014 - 18:11 | 5471300 medium giraffe

It only takes an IQ of 85 to be able to insult you? I'm dissapointed SD!

Thu, 11/20/2014 - 11:46 | 5469807 venturen

They just don't have enough bankers taking home record bonuses? Or their leaders don't have enough billionaire cronies. We have perfected Crony Capitalism!

Thu, 11/20/2014 - 12:16 | 5469868 Mi Naem

Europeans just need to move to Philly, or maybe just hire those Fed surveyors.

Thu, 11/20/2014 - 12:30 | 5469946 yogibear