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UMich Confidence Misses By Most In 13 Months
Following the Conference Board's tumble in confidence, Bloomberg's consumer comfort index surged this morning (rather aberrationally) to highs not seen since 2007. However, while UMich consumer confidence rose from last month to its highest since July 2007, it missed expectations by the most since October 2013. It would seem the survey respondents in UMich and Bloomberg confidence are stockholders, and Conference Board respondents are not... UMich data is dominated by a surge in current conditions with the outlook flat.
Rise but biggest miss since Oct 2013..
As confidence data diverge
Charts: Bloomberg
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I'm confident that this is bullish.
I am confident this is bullshit.... Fixed it for ya.... We are in an out and out depression
Not in a depression yet, but it will be even worse than a depression when the ponzi collapses. There was an orderly and polite society during the Great Depression. This will be more like Mad Max.
Accurate consumer confidence readings come from the local mall where you see everyone walking around with absolutely nothing...
Who in the hell are these "consumers" and why the fuck are they confident?
'Mr. Plow' is confident this winter...
Let me summarize. Risk ON for the Nasdaq!!!! Sounds like good kindling for a rally.
Let me summarize too.
You're a fucking idiot.
Confidence Trickster
It's quite clear that the negative economic numbers are being brought out today and this week in a typically bullish week. This allows for this government fakery to continue on a while longer into the new year as the moving averages on these economic numbers have been brought down when absolutely or nearly no one is watching. Next month they will magically show a robust gain once again and those numbers will be trumpeted all over the place. In the end nothing has been gained economically and I believe that this has all now become a big con game operation on the public.
In this current eCONomy, you can't have CONfidence without a CON.